Citing U.S. v. Newman, judge throws out insider trading guilty pleas over IBM deal

(Reuters) - A U.S. judge on Thursday threw out the guilty pleas of four men accused of illegally dealing in shares ahead of an IBM Corp acquisition, the first decision in response to a landmark 2nd Circuit appellate ruling curtailing prosecutors' ability to bring certain insider trading cases.

See previous article What Is the Impact of the Overturned Convictions of United States v. Newman on Insider Trading Prosecutions, such as SAC's?