Preet Bharara, left, former U.S. Attorney for the Southern District of New York and U.S. District Senior Judge Jed Rakoff, of the Southern District of New York, talk at Fordham Law Review Symposium on Friday. Photo: Fordham Law School
U.S. District Judge Jed S. Rakoff of the Southern District of New York, in an interview with former Manhattan U.S. Attorney Preet Bharara, on Friday criticized the “judge-made” nature of federal insider trading law and called on Congress to address various “difficulties” that had been created by inconsistent court rulings.
Rakoff, a 24-year veteran of the U.S. District Court for the Southern District of New York, said the law surrounding insider trading prosecutions and civil actions had become muddled and confusing in light of sometimes conflicting appellate court rulings that highlighted the need for congressional guidance.
This content has been archived.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]
