Recent Court Ruling Puts In Jeopardy Nearly Decade of DoJ Insider Trading Work

After having a key insider trading case overruled, the core definition of insider trading may change, erasing a decade of work A monumental shift has taken place in insider trading, as “the Newman opinion” could represent a “resounding reversal” of the incredible conviction string built by the U.S. Attorney’s Office in the Southern District of New York (SDNY).” In a 2014 Annual Review of Insider Trading, the white collar criminal defense law firm of Morrison & Foester LLP notes how the “Newman opinion” could dramatically alter insider trading prosecutions in the future and put in peril past DoJ insider trading…