Federal prosecutors may characterize as "insider trading" allegations that a former OpenSea manager illegally exploited his position to profit from non-fungible tokens he knew would increase in value, a Manhattan federal judge held Tuesday ahead of the manager's upcoming criminal trial.
The Second Circuit appeared willing Monday to revive former New York Knicks star Charles Oakley's damages suit over his altercation with Madison Square Garden security for a second time, with two judges suggesting questions linger over whether Oakley was unlawfully targeted.
Additional charges are possible in the Manhattan U.S. attorney's probe of insider trading that preceded Merck's purchase of Pandion Therapeutics, a New York federal judge heard Wednesday, before allowing a New Jersey Uber driver who made $400,000 from illegal trades to avoid prison.
A tech support professional from New York City copped to insider trading charges Monday, telling a Manhattan federal judge he bet on shares of Pandion Therapeutics after having secretly learned the drugmaker would be bought out by pharma giant Merck.
A Manhattan federal judge hammered a former financial adviser from Atlanta with a 15-year sentence on Friday, remanding him straight to prison after he admitted inflating the value of his Infinity Q funds in what the government called a $1 billion fraud.