March 23, 2015
U.S. District Judge Jed Rakoff said on Monday that he was "up in the air" on whether or how to apply the Second Circuit's landmark Newman decision to a U.S. Securities and Exchange Commission insider trading case stemming from a $1.2 billion IBM Corp. acquisition.
February 24, 2015
Two former stockbrokers asked a New York federal judge on Monday to toss charges accusing them of trading on a tip about an IBM Corp. acquisition, arguing that the allegations don't hold muster under the Second Circuit's landmark Newman decision.
July 22, 2014
Judge Jed Rakoff, a frequent critic of the U.S. Securities and Exchange Commission's "no admit, no deny" settlements, used the policy to razz an agency lawyer on Tuesday after she declined to take a firm position on a key issue in an insider trading case.