Insider Trading Conviction Over NDA Disclosures Affirmed On Appeal

Mealey's (April 8, 2021, 12:17 PM EDT) -- NEW YORK — A jury’s verdict finding a hedge fund manager guilty of charges related to his involvement in an insider trading scheme stemming from negotiations over his fund’s acquisition of a semiconductor manufacturer was not erroneous because government prosecutors provided sufficient evidence in support of their allegations that the hedge fund manager provided insider information to a broker in violation of two nondisclosure agreements (NDAs) he signed as part of the negotiation process, a Second Circuit U.S. Court of Appeals panel ruled April 6 in affirming....