Brief filed: 05/13/2016
Salman v. United States
United States Supreme Court; Case No. 15-628
Decisions below in United States v. Salman, 792 F.3d 1087 (9th Cir. July 6, 2015) and 618 Fed. Appx. 886 (9th Cir. July 6, 2015).
The decision below improperly extends the crime of insider trading to conduct never criminalized by Congress. The rule of lenity provides additional reasons to reject the rule adopted below. The decision below exemplifies a broader pattern of over-criminalization through expansive interpretation of federal criminal laws.
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Meir Feder and Samidh Guha, Jones Day, New York, NY; Henry W. Asbill and David Morrell, Jones Day, Washington, DC; Jeffrey L. Fisher, NACDL, Stanford, CA.