Securities,
9th U.S. Circuit Court of Appeals
Jul. 16, 2015
The education of Judge Rakoff
S.D.N.Y. Judge Jed Rakoff recently authored an opinion in a 9th Circuit insider trading case. It's the latest by the influential judge demonstrating his evolving views on tippees.
Timothy P. Crudo
Partner
Coblentz, Patch, Duffy & Bass LLP
Email: tcrudo@coblentzlaw.com
UC Berkeley SOL; Berkeley CA
David C. Anderson
Anderson Law
55 Francisco St, Ste 403
San Francisco , CA 94133
Email: david@dcandersonlaw.com
University of San Francisco SOL; San Francisco CA
White collar pundits have been atwitter since the 2nd U.S. Circuit Court of Appeals' insider trading decision last December in U.S. v. Newman, 773 F.3d 438 (2d Cir. 2014). There the 2nd Circuit held that, to convict a tippee who traded on inside information, the government must prove that he knew that the insider disclosed the information "in exchange for a personal benefit."
While that holding was no surprise, the court seemed to d...For only $95 a month (the price of 2 article purchases)
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