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Clock Is Ticking for Decision on Landmark Insider-Trading Ruling

July 27, 2015

Bloomberg
By Bob Van Voris and Patricia Hurtado

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.

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“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.

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