Bharara's Newman Appeal Faces Steep Odds In 2nd Circ.

By Ed Beeson (January 26, 2015, 9:58 PM EST) -- U.S. Attorney Preet Bharara likely will be given another shot at telling a federal appeals court why the government was correct to bring insider trading charges against a pair of hedge fund managers, but convincing the Second Circuit to reverse or even narrow the unanimous ruling of three of its judges will be a stiff challenge, attorneys say.

In a widely expected move, the top prosecutor in the Southern District of New York on Friday asked the appeals court to grant his office's requests for a rehearing and en banc review of a Dec. 10 decision that overturned the convictions and...

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