Split 2nd Circuit Panel Again Affirms Insider Trading Conviction

Mealey's (June 26, 2018, 1:43 PM EDT) -- NEW YORK — A divided Second Circuit U.S. Court of Appeals panel on June 25 affirmed the conviction of a portfolio manager for his involvement in an insider trading scheme, ruling that although a federal district court’s jury instruction was not in line with the U.S. Supreme Court’s ruling in United States v. Newman, the error did not affect the defendant’s substantial rights (United States of America v. Mathew Martoma, No. 14-3599, 2nd Cir.)....