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David I. Miller and Ryan D. Nassau
New York Law Journal
David I. Miller and Ryan D. Nassau discuss the recent ground-breaking decision "United States v. Newman," where the U.S. Court of Appeals for the Second Circuit found that to be guilty of insider trading, a tippee of material non-public information must know that the insider who conveyed the information (on which trades were made) did so in exchange for a personal benefit.
The U.S. Court of Appeals for the Second Circuit will reconsider an August decision refusing to dismiss a class action brought by Occupy Wall Street protestors who claim they were goaded by police into violating the law on the Brooklyn Bridge in 2011.
Insureds should be able to assign bad-faith claims against their carriers to injured third parties, the state Supreme Court has ruled in a question posed to the justices by the U.S. Court of Appeals for the Third Circuit.