Supreme Court Declines to Hear Blockbuster Insider Trading Case: What’s Next After United States v. Newman? - Podcast

On October 2, 2015, the United States Supreme Court denied certiorari in United States v. Newman, a high-profile case dealing with the prosecution of two hedge fund managers for alleged insider trading. The Second Circuit Court of Appeals overturned their convictions, and the Department of Justice urged the Supreme Court to take the case and claimed the Second Circuit’s approach to insider trading would greatly reduce the government’s ability to prosecute insider trading. What is the current state of insider trading law? Will the Supreme Court eventually be forced to intervene and provide clarity?

Featuring:

• James M. Burnham, Associate, Jones Day
• Peter M. Thomson, Special Counsel, Stone Pigman Walther Wittmann LLC