Insider Trading Conviction Stands After 1st Circuit Panel Review

Mealey's (March 27, 2020, 11:54 AM EDT) -- BOSTON — A First Circuit U.S. Court of Appeals panel on March 25 ruled that a federal district court did not abuse its discretion in making a number of rulings during trial leading up to the conviction of an investor on securities fraud charges based on his alleged insider trading in the stock of a pharmaceutical company for which his then-wife worked (United States v. Harold Altvater, No. 19-1101, 1st Cir., 2020 U.S. App. LEXIS 9336)....