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Lathrop B. Nelson, III is a partner in the Litigation Department at Montgomery McCracken. His practice concentrates on complex commercial litigation and government investigations and white collar crime. Lathrop received a J.D. degree from the University of Virginia School of Law in 2001 and a B.A. degree, cum laude, in History and Politics from Washington and Lee University in 1997.


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Dec 07

Insider Trading and Brotherly Love at the Supreme Court

Yesterday, the Supreme Court of the United States decided Salman v. United States, wading into the “personal benefit” requirement necessary to establish criminal insider trading liability.  Justice Alito, writing for a unanimous Court, didn’t think the question presented was particularly difficult, stating that the Court’s… Read More

Feb 12

Second Circuit Accepts Rajat Gupta’s Insider Trading Appeal

This week I spoke with Fox Business reporter Serena Elavia about the Second Circuit’s decision to grant a certificate of appealability in the Rajat Gupta insider trading prosecution.  Gupta is the high-profile former McKinsey & Co. Managing Director and Goldman Sachs board member who was… Read More

Jan 19

Supreme Court Takes on Insider Trading “Personal Benefit” After All

Just when the Supreme Court appeared to be turning its collective attention away from the standard for insider trading convictions by denying the writ for certiorari in United States v. Newman, the Court today granted cert. in Salman v. United States, which addresses the “personal… Read More

Dec 19

Bharara’s Insider Trading Inferno Engulfs Its Next Victim: Former SAC Portfolio Manager Steinberg Convicted

Yesterday – seemingly before the ink even dried on SAC Capital Advisor’s unprecedented billion dollar plea agreement – U.S. Attorney Preet Bharara’s office secured the conviction of former SAC portfolio manager Michael Steinberg. As recently reported by White Collar Alert editor Carrie Sarhangi, Steinberg was… Read More

Nov 14

The Blame Game: Who Should be Indicted – the Company or the Individual?

Just how wide is the net being cast upon SAC by federal authorities?  Last week, I posted about the unprecedented plea agreement worked out between prosecutors and SAC Capital Advisors, L.P. in what could be described as the most rampant insider trading scheme ever charged.… Read More