Southern District Judge Andrew Carter (See Profile) asked the government for more information before dismissing an indictment against insider trading defendants based on new law set down by the U.S. Court of Appeals for the Second Circuit.
Carter, at a conference Friday, said he wanted a proffer as to why the indictment against five men in the Conradt-IBM insider trading case should be thrown out in light of the Second Circuit’s December decision in U.S. v. Newman, 13-1837-cr (NYLJ, Dec. 11, 2014).
