U.S. v. Newman and Chiasson
In a ruling that could constrain prosecutors’ ability to go after people who trade on leaks, the U.S. Court of Appeals for the Second Circuit on Dec. 10 threw out the insider trading convictions of two hedge fund managers convicted by a federal jury. The decision marked the first—and at press time still the only—higher-court rebuke after some 85 similar convictions won by federal prosecutors in New York during U.S. Attorney Preet Bharara’s tenure.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
