E&Y Atty Fights Trading Conviction In 2nd Circ.

Law360, New York (February 16, 2011, 4:33 PM EST) -- A former Ernst & Young LLP attorney told the Second Circuit on Wednesday that the jury instructions used to convict him of insider trading were flawed.

Barry A. Bohrer, who represented former E&Y attorney James Gansman, argued before a three-judge panel of the U.S. Court of Appeals for the Second Circuit that the district court judge should have included the Securities Exchange Act’s Rule 10b5-2 in the jury charges.

The jury “was without the tools” to rule on the allegations that Gansman passed on confidential information...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.