The Second Circuit Court of Appeals at the Thurgood Marshall U.S. Courthouse in lower Manhattan. Photo: Rick Kopstein
The U.S. Court of Appeals for the Second Circuit has ruled that confidential information from a government agency can be considered property for purposes of prosecuting securities and wire fraud, and that the defendants didn’t have to glean a personal benefit to be convicted under that statute.
One of those defendants was represented before the appellate court by former U.S. Solicitor General Donald Verrilli Jr., who’s now with Munger, Tolles & Olson in Washington, D.C.
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