High Court Won’t Hear Appeal In Newman Insider Trading Suit

Mealey's (October 5, 2015, 12:49 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 5 declined review of a Second Circuit U.S. Court of Appeals ruling overturning the conviction of two portfolio managers alleged to have engaged in an insider trading scheme (United States of America v, Todd Newman, et al., No. 15-137, U.S. Sup.).

The federal government filed charges against Diamondback Capital Management LLC portfolio manager Todd Newman and Level Global Investors L.P. portfolio manager Anthony Chiasson in the U.S. District Court for the Southern District of New York, alleging...
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