Newman/Martoma: The Insider Trading Law's Impasse and the Promise
Por um escritor misterioso
Last updated 13 março 2025

The prohibition against insider trading is a judge-made law that has evolved for over fifty years, and has reached a critical impasse in two recent decisions in the Second Circuit Court of Appeals: United States v. Newman and United States v. Martoma. Judges of the Second Circuit are sharply divided over what conduct constitutes improper trading on material nonpublic information ("MNPI"), leaving the law in profound disarray.

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PREVIEW U.S. v. Martoma: 2nd Circuit Reconsiders the Personal Benefit Rule in Insider Trading Cases and Announces the Partial Abrogation of Newman