2nd Circ. TKOs Whitman's Post-Newman Insider Trading Case

Law360 (October 25, 2018, 4:45 PM EDT) -- The Second Circuit again refused to overturn the insider trading conviction of Silicon Valley hedge fund founder Doug Whitman on Thursday, saying that while recent rulings have rendered the jury instructions in his 2012 trial illegal, his former lawyers should have raised the argument in his first appeal.

Whitman was convicted in 2012 over trades in Google Inc. stock that prosecutors said were based on tips passed down from others. The Second Circuit agreed with Whitman on Thursday that the jury instructions at that trial did not measure up to court's current standard for what constitutes a "personal benefit" to a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!