The Southern District U.S. Attorney's office will drop insider trading charges against five defendants because of a recent decision by the Second Circuit.
January 30, 2015 at 12:00 AM
1 minute read
The Southern District U.S. Attorney’s office will drop insider trading charges against five defendants because of a recent decision by the U.S. Court of Appeals for the Second Circuit.
Assistant U.S. Attorney Andrew Bauer told Southern District Judge Andrew Carter on Thursday that U.S. v. Newman, 13-1837 (NYLJ, Dec. 11, 2014), a circuit decision imposing a tougher standard for criminal liability, undermined the prosecution in the current case, U.S. v. Conradt, 12 Cr. 887.
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