A panel of three appeals judges have overturned convictions of Todd Newman and Anthony Chiasson.
Prominent former judge says Second Circuit decision on insider trading may lead to fewer convictions, cases
Federal prosecutors may appeal the ruling or challenge it – either by having the entire Second Circuit review it in an en banc review, or, by appealing directly to the Supreme Court.
Sometimes joining a club isn’t the best idea—at least when the premise isn’t exactly legal. Last Friday, federal prosecutors announced that a fourth member of a “criminal club” of inside traders has pled guilty to criminal charges.
Four men who allegedly made nearly $62 million by using insider information to trade Dell Inc. stock pleaded not guilty to conspiracy and securities fraud charges Tuesday.