After 2nd Circ. Ruling, Insider Trading Laws Need Clarification

By Michael Dearington, Peter Zeidenberg and Peter Unger (January 10, 2023, 4:23 PM EST) -- On Dec. 27, 2022, a panel of the U.S. Court of Appeals for the Second Circuit reversed the convictions of four defendants convicted of wire fraud, Title 18 securities fraud and conversion of government property for their roles in a scheme to trade securities based on confidential information misappropriated from the Centers for Medicare & Medicaid Services....

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