09 October 2015

Insider trading - Friends without benefits

Even a non-decision by the Supreme Court can cause waves. On October 5th, as part of its routine disclosure of upcoming cases, the Court declined to take up a petition related to insider trading. The Justice Department had wanted it to overturn an appeals court’s decision in December to throw out the conviction of two hedge-fund managers. That means the decision will now stand, setting an important legal precedent.

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