Clock Is Ticking for Decision on Landmark Insider-Trading Ruling
July 27, 2015
Types : In the News
Time is running out for the U.S. to ask the Supreme Court to review a ruling that could lay the framework for how insider trading will be prosecuted for years to come.
Solicitor General Donald Verrilli has until Aug. 3 to decide whether to let stand an appeals court ruling that makes it harder to prosecute insider traders.
“It has not resulted in opening the floodgates” to invalidate insider-trading prosecutions throughout the country, said Lathrop Nelson, a partner with Montgomery McCracken Walker & Rhoads LLP in Philadelphia.
Visit bloomberg.com to view the full article.