Panel Rules That Evidence Supported District Court’s Insider Trading Conviction

Mealey's (November 4, 2019, 1:47 PM EST) -- NEW ORLEANS — Evidence in an insider trading trial was sufficient to establish that an alleged insider possessed and disclosed material, nonpublic information to her co-conspirators in the scheme and acted with the requisite scienter, a Fifth Circuit U.S. Court of Appeals panel ruled Oct. 31 (United States of America v. Tinghui Xie, No. 18-31299, 5th Cir., 2019 U.S. App. LEXIS 32661)....