Supreme Court Pre-Argument Analysis - Salman v. US, No. 15-628, cert. granted 01/19/16 - "He's not heavy, he's my brother-tippee"

The question presented is: "Does the personal benefit to the insider that is necessary to establish insider trading under Dirks v. SEC. . . require proof of [']an exchange that is objective, consequential, and represents at least a potential gain of a pecuniary or similarly valuable nature['], as the Second Circuit held in United States v. Newman . . . , or is it enough that the insider and the tippee shared a close family relationship, as the Ninth Circuit held in [Salman]?"

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