Level Global Exec Fights Insider-Trading Raid At 2nd Circ.

By Dunstan Prial (December 4, 2017, 10:00 PM EST) -- Level Global Investors LP founder David Ganek asked the Second Circuit on Friday to rethink its October dismissal of his claim that a 2010 insider-trading raid violated his rights, saying evidence used to justify the raid was fabricated and shouldn't be shielded by probable cause established from other information.

A three-judge panel found in October that the raid led by then-U.S. Attorney Preet Bharara's office was justified because there was probable cause for the search even without the allegedly falsified evidence — a signed affidavit by an FBI agent saying Ganek was told that certain information used to trade on Dell...

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