April 05, 2021
Federal prosecutors and a former Centers for Medicare & Medicaid Services employee found guilty of charges related to an insider trading scheme both have urged the Second Circuit to nix his conviction and vacate his sentence, arguing that the charges no longer hold up in the wake of the U.S. Supreme Court's Bridgegate decision.
January 11, 2021
The U.S. Supreme Court on Monday vacated a Second Circuit ruling affirming four insider trading convictions in light of the high court's "Bridgegate" decision, ordering the lower appellate court to rethink its finding that confidential government information may constitute property under federal anti-fraud laws.