Federal Judge Won’t Vacate Insider-Trading Conviction Based On Newman Ruling
(August 14, 2015, 11:39 AM EDT) -- NEW YORK — A convicted inside trader has failed to show that his conviction should be vacated pursuant to the Second Circuit U.S. Court of Appeals ruling in United States v. Newman, a federal judge in New York ruled July 22 in denying the inside trader’s motion to vacate his conviction and sentence (United States of America v. Doug Whitman, No. 12-cr-125, S.D. N.Y.; 2015 U.S. Dist. LEXIS 96242).
(Opinion available. Document #57-150817-016Z.)
After being convicted on two counts of conspiracy to commit securities fraud in...