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Expert Analysis

A 1st Look At Potential Reach Of 2nd Circ. Newman Decision

Law360, New York (January 28, 2015, 10:01 AM EST) -- On Jan. 22, 2015, a district judge in the Southern District of New York vacated previously accepted guilty pleas in an insider trading prosecution brought under the "misappropriation" theory. The district court's short order in United States v. Conradt[1] provides an initial look at the potential reach of the Second Circuit's recent decision in United States v. Newman.[2] Newman itself is now the subject of a motion by the government for rehearing and rehearing en banc that was filed just one day after the order in Conradt....

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