Ex-Primary Global Exec Asks 2nd Circ. To Toss Conviction

Law360, New York (December 13, 2012, 7:48 PM EST) -- A former sales executive found guilty of participating in an insider trading ring while at Primary Global Research LLP asked the Second Circuit on Thursday to overturn the verdict, arguing the jury was not instructed about the limits of cooperator testimony.

In the case against James Fleishman, which relied heavily on cooperators who pled guilty and testified for the prosecution, the jury was not instructed that those guilty pleas were not evidence as to Fleishman's own guilt or innocence, a lawyer for the defendant said at...
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