International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Monday, January 26, 2015

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?

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