April 15, 2015
New York federal prosecutors on Tuesday told a New York federal judge that they are still weighing whether to appeal to the U.S. Supreme Court the Second Circuit's landmark Newman decision, which raised the bar for prosecutors to convict on insider trading charges.
April 03, 2015
The Second Circuit on Friday denied U.S. Attorney Preet Bharara's request for an en banc rehearing of its landmark U.S. v. Newman decision, dealing a major blow to the top Manhattan federal prosecutor's attempts to overturn a ruling that vastly raised the bar for the government to prove insider trading.
February 25, 2015
A trio of law professors on Wednesday asked the Second Circuit to deny U.S. Attorney Preet Bharara the chance to reargue the landmark U.S. v. Newman insider trading decision that his office lost, saying that the government's claim that the court's curbing of its prosecutorial powers will harm investors is a false one.
February 20, 2015
Defense-bar advocacy groups asked Friday to file briefs opposing U.S. Attorney Preet Bharara's quest for a new shot at a landmark insider trading case he lost, saying the convictions of former Level Global Investors LP manager Anthony Chiasson and former Diamondback Capital Management LLC manager Todd Newman were rightly reversed.
February 19, 2015
Mark Cuban, the billionaire owner of the Dallas Mavericks, pressed the Second Circuit in a Thursday amicus brief to deny U.S. Attorney Preet Bharara's quest for another shot at a landmark insider trading case he lost, saying instead it's now time for Congress to step in and define the crime.
February 19, 2015
Former hedge fund manager Anthony Chiasson on Thursday blasted claims made in Manhattan U.S. Attorney Preet Bharara's petition to have a landmark insider trading decision reconsidered as akin to "a petulant rooster whose dominion has been disturbed" and urged the Second Circuit to deny his request instead.
February 10, 2015
Former hedge fund manager Todd Newman on Monday pressed the Second Circuit to deny Manhattan U.S. Attorney Preet Bharara's request to reconsider a landmark insider trading decision that has cast doubt on the prosecutor's historic stock-tipping crackdown.
January 26, 2015
U.S. Attorney Preet Bharara likely will be given another shot at telling a federal appeals court why the government was correct to bring insider trading charges against a pair of hedge fund managers, but convincing the Second Circuit to reverse or even narrow the unanimous ruling of three of its judges will be a stiff challenge, attorneys say.
January 26, 2015
The U.S. Securities and Exchange Commission on Monday asked the Second Circuit for leave to file an amicus brief in Manhattan U.S. Attorney Preet Bharara's appeal for an en banc review of the landmark ruling that vacated the insider trading convictions of two hedge fund managers.
January 23, 2015
U.S. Attorney Preet Bharara on Friday launched an appeal of a landmark Second Circuit ruling that vacated the insider trading convictions of two hedge fund managers, saying the decision went counter to U.S. Supreme Court precedent and created a "deeply confounding" new standard for what counts as illegal insider trading.