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Once More Unto The Breach — Rehearing In Newman?

Law360, New York (January 24, 2015, 5:20 PM EST) -- The U.S. Attorney’s Office for the Southern District of New York has decided to seek appellate review of several aspects of the recent insider-trading decision by the U.S. Court of Appeal for the Second Circuit in United States v. Newman and Chiasson, 13 Cr. 1837 and 13 Cr. 1917, (2d Cir. Dec. 10, 2014). On Jan. 23, 2015, the USAO filed a Petition of the United States of America for Rehearing and Rehearing En Banc of the original panel decision. Based on the historical numbers, the relief the government seeks is rarely granted.

So what is an en banc rehearing, what...

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