2nd Circ. OKs Hedge Fund Execs' Bail In Insider Trading Case

Law360, New York (June 18, 2013, 8:22 PM EDT) -- The Second Circuit on Tuesday granted bail requests from Anthony Chiasson and Todd Newman, two hedge fund executives who allegedly inside traded in Dell Inc., ruling that they can remain free while they appeal their convictions.

A three-judge panel granted requests for bail from both men, conferring for just a few seconds after oral arguments in Manhattan before reaching the decision. The two executives, who attended the hearing, shook hands and smiled afterward outside the courtroom.

The decision is a positive signal for the two men...
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