The 2nd U.S. Circuit Court of Appeals reversed this week the convictions of four defendants for insider trading involving information from the U.S. Centers for Medicare and Medicaid Services (CMS).
Divided appeals court rejects 4 insider trading convictions brooklyneagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brooklyneagle.com Daily Mail and Mail on Sunday newspapers.
NEW YORK (AP) A divided appeals court on Tuesday rejected the insider trading convictions of four men, including an ex-government employee turned consultant, prompting a sharp dissent from a judge who says the ruling may prompt insiders to sell confidential government information to the highest bidders.
A divided appeals court on Tuesday rejected the insider trading convictions of four men, including an ex-government employee turned consultant, prompting a sharp dissent from a judge who says the ruling may prompt insiders to sell confidential government information to the highest bidders.
The 2nd U.S. Circuit Court of Appeals reversed this week the convictions of four defendants for insider trading involving information from the U.S. Centers for Medicare and Medicaid Services (CMS).