Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: insider trading

Second Circuit – Insider Trading: United States v. Newman and Chiasson

U.S. Court of Appeals for the Second Circuit – Insider Trading – Scienter – Disclosure of Confidential Information   United States v. Newman and Chiasson 13-1837-cr(L) Judges Winter, Parker and Hall   Background: The defendants appealed from judgments following a six-week ...

Read More »

Appeals court deals blow to US in insider cases

NEW YORK — A federal appeals court dealt a blow to the government’s success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third — and attempts to further define how far prosecutors ...

Read More »

Ex-firm exec pleads guilty in insider trading case

NEW YORK (AP) — A former executive at a New York investor firm has pleaded guilty to an insider trading charge for using drafts of press releases to illegally earn nearly a million dollars. Michael Lucarelli entered the plea to ...

Read More »

Second Circuit — Securities Act — Insider Trading: Chechele v. Sperling

U.S. Court of Appeals for the Second Circuit Securities Act — Insider Trading Purchase — Derivative Security Chechele v. Sperling 12-1769-cv Judges Walker, Wesley and Hall Background: The plaintiffs appealed from the dismissal of their claims arising from the Securities ...

Read More »

SAC Capital ex-trader convicted of insider trading

NEW YORK — A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer’s drug. The ...

Read More »

Judge won’t stand in way of SAC deal

NEW YORK — A judge who has talked tough about insider trading stepped out of the way Wednesday of a $1.8 billion settlement of civil and criminal charges against hedge fund giant SAC Capital, saying what he thinks of the ...

Read More »

Second Circuit — Insider Trading: United States v. Jiau

U.S. Court of Appeals for the Second Circuit Insider Trading Non-Pecuniary Benefits — Recorded Telephone Conversations United States v. Jiau 11-4167(L) Judges Kearse, Walker and Chin Background: The defendant appealed her conviction for conspiracy and insider trading arguing that the ...

Read More »

Hedge fund pleads not guilty to fraud charges

NEW YORK — A not guilty plea was entered Friday on behalf of a Connecticut-based hedge fund charged in a criminal indictment with letting insider trading flourish over a 10-year period as it grew into an investing giant and made ...

Read More »