Recent Court Ruling Puts In Jeopardy Nearly Decade of DoJ Insider Trading Work

After having a key insider trading case overruled, the core definition of insider trading may change, erasing a decade of work

A monumental shift has taken place in insider trading, as "the Newman opinion” could represent a “resounding reversal” of the incredible conviction string built by the U.S. Attorney’s Office in the Southern District of New York (SDNY)."

In a 2014 Annual Review of Insider Trading, the white collar criminal defense law firm of Morrison & Foester LLP notes how the “Newman opinion” could dramatically alter insider trading prosecutions in the future and put in peril past DoJ insider trading convictions.

The DoJ isn’t taking the issue lying down and is coming out swinging to defend their previous convictions....