Special Coverage
Jan. 28, 2015
Santa's early for the white collar bar
The 2nd Circuit's reversal of a couple of insider trading convictions earlier this month should prove to be a major lump of coal for prosecutors. By Timothy Crudo and David Mehretu
Santa, in the guise of the 2nd U.S. Circuit Court of Appeals, brought an early present to the white collar bar in the form of the long-anticipated decision in United States v. Newman, 13-1837 (Dec. 10, 2014), a case that promises to be a major lump of coal for insider trading prosecutors.
Newman asked what prosecutors have to prove to convict a trader who is not himself an insider but trades on insi...
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