SCOTUS rules for prosecutors in insider trading case

posted by
December 7, 2016
Posted in News, PND News

"The Supreme Court handed the government a significant win Tuesday in its pursuit of insider trading, ruling prosecutors in such cases don't always have to show that money or something valuable changed hands. The unanimous opinion by Justice Samuel Alito upheld the prosecution of a Chicago man convicted of trading on tips from a relative, saying that proving a tipster and trader were related was enough to bring a case. In giving prosecutors more latitude, the court's decision also partially offset a 2014 ruling by a New York-based federal appeals court holding that had raised the bar to convict some defendants." (12/06/16)  

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