Insider Trading Case Aided By New Tech, Hobbled By Newman
Law360, New York (August 17, 2017, 9:31 PM EDT) -- Federal prosecutors and the U.S. Securities and Exchange Commission on Tuesday announced their largest insider trading case in years against a former Bank of America employee and six associates, and experts say the charges illustrate the power of the SEC's new data analysis tools as well as the continuing influence of the Second Circuit's Newman decision.
Prosecutors charged seven people involved in the scheme, alleging former Bank of America technology consultant Daniel Rivas passed information about mergers and tender offers to his girlfriend's father, a former treasurer for broker Tullett Prebon; an official for a local of the United Food and...
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!