Analysis

2nd Circ. Ends Newman Relationship Test, But For How Long?

Law360, New York (August 23, 2017, 10:43 PM EDT) -- A Second Circuit panel jumped at the chance to flip a key part of the landmark Newman decision Wednesday in upholding the insider trading conviction of SAC Capital Advisors LP manager Mathew Martoma, but experts say the change could be short-lived if the case is reviewed again by the appellate court — or even the U.S. Supreme Court.

Mathew Martoma was convicted in February 2014 and later sentenced to nine years in prison, one of the longest jail terms ever imposed in an insider trading case. (AP) Martoma had argued that the jury instructions in his case were erroneous in light of...

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

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!