We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Trader Leans On Rakoff Ruling In Insider Trading Defense

Law360, New York (August 4, 2015, 7:13 PM EDT) -- An attorney for Michael Kimelman, co-founder of trading firm Incremental Capital, told a New York federal judge Tuesday that Manhattan District Judge Jed S. Rakoff’s recent ruling in an unrelated civil insider trading suit supports the argument that he didn’t know the tips he allegedly traded on were disclosed for a benefit.

Accused of having traded on inside information he received from former Galleon Group LLC trader Zvi Goffer, Kimelman is looking to have his conviction tossed in light of the Second Circuit’s December decision in U.S. v. Newman. Prosecutors have said that as a former lawyer, Kimelman knew or should...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Southern

Nature of Suit

Date Filed

January 21, 2010

Law Firms

Companies