U.S. Government Appeals Landmark Insider Trading Decision to the Supreme Court
This guest post was authored by our colleague Rimma Tsvasman, an associate in the firm’s Litigation Department in New York. Rimma concentrates her practice on corporate and securities transactions, investment management and commercial litigation. She can be reached at rtsvasman@mmwr.com or 212-867-9500. In a highly anticipated move following a… Read More
Former Oriole Swinging for the Fences in Insider Trading Prosecution
The fallout from the Second Circuit’s decision in United States v. Newman continues and threatens to affect not just future enforcement actions, but pending prosecutions. As we have noted before, the Second Circuit in Newman required that a trader / tippee know that an insider… Read More
Update: Second Circuit Limits Government’s “Stream of Payments” Statute of Limitations Theory
Last week, White Collar Alert editor Erin Dougherty reported on the Second Circuit’s unusual summary order reversing the convictions of three former General Electric Co. executives for bid rigging. Yesterday, in a 2-1 decision, the Second Circuit confirmed the expected basis for the reversal, holding… Read More
Convictions of 3 Ex-GE Muni-Bond Execs Reversed by Second Circuit on Summary Order Just Days After Oral Argument
Yesterday, just a week after oral argument, the United States Court of Appeals for the Second Circuit issued a summary order (with an opinion to follow) reversing the convictions of three former General Electric Co. (“GE”) finance executives – Steven Goldberg, Peter Grimm, and Dominick… Read More