We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Hedge Funder Seeks To Nix Charges In $30M Hack Scheme

Law360, New York (July 3, 2017, 7:09 PM EDT) -- A former hedge fund manager and ex-Morgan Stanley vice president has asked a New York federal judge to throw out all but one of the charges against him over an alleged $30 million scheme to trade on hacked information from financial newswires, deeming the counts legally insufficient.

Vitaly Korchevsky contended on Friday that the government’s securities fraud charges don’t specify which theory of insider trading Korchevsky is being charged with, nor does the government properly identify the materiality of the nonpublic information that supports the charges.

While prosecutors appear to allege a misappropriation of confidential information theory of insider trading, that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Eastern

Nature of Suit

Date Filed

August 5, 2015

Law Firms

Companies

Government Agencies