Lawyers Weigh In On Supreme Court's Newman Rejection
Law360, New York (October 5, 2015, 7:47 PM EDT) -- The U.S. Supreme Court declined on Monday to consider the U.S. Department of Justice's appeal of the Second Circuit's landmark Newman decision on insider trading. Here, attorneys tell Law360 why the cert denial is significant.
Ross A. Albert, Morris Manning & Martin LLP
"Although the government's decision to seek Supreme Court review of Newman was a foregone conclusion, the decision announced today declining review is not surprising. In recent years, the Supreme Court has demonstrated a clear reluctance to accept such cases absent a need to resolve disagreement among the lower appellate courts. The government, including both the DOJ and the SEC,...
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