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U.S. District Judge Jed Rakoff. U.S. District Judge Jed Rakoff. Photo Credit: Rick Kopstein/ALM

It was years in the making, but in declining to dismiss an insider trading indictment Thursday, U.S. District Judge Jed Rakoff of the Southern District of New York brought a coda to his bicoastal efforts confronting the U.S. Court of Appeals for the Second Circuit’s contorted insider trading case law of recent years.

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