A Cautionary Tale About 'Other Acts' And Insider Trading
Law360, New York (February 1, 2016, 10:23 AM EST) -- Daniel Wenner
Former Major League Baseball star Douglas DeCinces recently struck out in the U.S. Court of Appeals for the Ninth Circuit. In United States v. DeCinces, the Ninth Circuit addressed two interlocutory appeals from DeCinces' securities fraud and insider trading prosecution and reversed the district court's order granting a motion in limine to exclude evidence against DeCinces.
DeCinces had moved to preclude the government from introducing evidence of his trading history as inadmissible "other acts" evidence under Federal Rule of Evidence 404(b) and as unduly prejudicial under Rule 403. The district court granted the motion but the government timely...
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