SDNY's 1st Post-Newman Insider Trading Conviction

Law360, New York (September 21, 2016, 11:45 AM EDT) -- Alexis Yee-Garcia

Robert Stern

Robert Loeb It took five days of deliberation, but on Aug. 17, 2016, jurors in a New York federal court rendered its verdict finding Sean Stewart guilty on criminal charges of conspiracy, securities fraud and tender offer fraud based on evidence that he leaked confidential information to his father, Robert Stewart. This verdict was the first insider trading conviction for the U.S. Attorney’s Office for the Southern District of New York since the Second Circuit’s decision in U.S. v. Newman in 2014, which U.S. Attorney Preet Bharara very publicly said would “dramatically limit the Government’s ability to...

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