Martoma v. United States
Brief Details
- Case No.: 14-3599
- Brief Filed: August 15, 2018
- Jurisdiction: 2nd Circuit Court of Appeals
Key Topics in the Brief
Briefs
Prior Decision
Panel decision 894 F.3d 64 (2nd. Cir. Aug. 23, 2017 (decided) and June 25, 2018 (amended)
Argument(s)
The panel’s ruling is inconsistent with Newman, Dirks and Salman, and undermines the vitality of the "personal benefit" requirement. Constitutional principles counsel against the panel's expansive extension of insider trading law.
Author(s)
Ira M. Feinberg, Hogan Lovells US LLP, New York, NY; Richard D. Willstatter, Green & Willstatter, White Plains, NY.
