2nd Circ. Affirms E&Y Atty's Insider Trading Conviction

Law360, New York (September 9, 2011, 2:48 PM EDT) -- The Second Circuit on Friday affirmed the conviction of former Ernst & Young LLP attorney James Gansman, mostly striking down his argument that the jury instructions used to convict him of insider trading were flawed.

Though agreeing with a portion of Gansman's argument, the court held that the jury instructions the trial judge gave were legally sufficient.

In February 2010, U.S. District Judge Miriam Goldman Cedarbaum of the Southern District of New York sentenced Gansman to one year and one day in prison, plus six months...
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