X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo: TZIDO SUN/Shutterstock.com

The U.S. Court of Appeals for the Second Circuit upheld the insider trading conviction of former professional gambler William Walters on Tuesday, dismissing arguments his indictment should be dismissed because an FBI agent provided detailed leaks of the government’s investigation to news outlets.

While the panel—composed of Circuit Judges Denny Chin and Dennis Jacobs, and U.S. District Judge William Kuntz of the Eastern District of New York, sitting by designation—made clear it found the leaks by Special Agent David Chaves to be reprehensible and likely illegal, it held that the indictment and conviction of Walters were secured without the kind of overwhelming misconduct required for such drastic moves.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Colby Hamilton

B. Colby Hamilton is a litigation reporter for the New York Law Journal and Law.com.

More from this author

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

White Collar Crime: Business and Regulatory OffensesBook

This book has gathered a prestigious group of authors to counsel you on: criminal tax cases; securities fraud; RICO; mail and wire fraud; banking crimes; criminal ant...

Get More Information
 

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.