U.S. Supreme Court Hears Oral Argument In Insider Trading Appeal

Mealey's (October 5, 2016, 4:40 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 5 heard oral arguments in an appeal of an insider trading conviction where the parties have asked the Supreme Court to determine whether the defendants’ personal benefits in the scheme “require proof of ‘an exchange that is objective, consequential, and represents at least a potential gain of a pecuniary or similarly valuable nature,’” as the Second Circuit U.S. Court of Appeals held in United States v. Newman (773 F.3d 438 [2d Cir. 2014]) (Bassam Yacoub Salman v....
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