Simpson Thacher Attorneys Author Article on Second Circuit Opinion Curtailing Title 18 Insider Trading Liability
01.23.23
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Litigation Partners Martin Bell, Marc Berger, Nick Goldin, Jeff Knox and Josh Levine and Associate Isabel Mattson authored an article titled, “Second Circuit curtails title 18 insider trading liability,” which was published by Thomson Reuters Westlaw Today, The Columbia Law School Blue Sky Blog and LexBlog. The article examines the recent opinion by the Second Circuit in which it reconsidered United States v. Blaszczak following the Supreme Court’s January 2021 vacatur of the Second Circuit’s original decision upholding multi-count convictions of defendants for illegally trading on material non-public information misappropriated from the government. It further explores the implications of the decision, including how the distinction now created between private and government property interests could well give rise to similar distinctions not immediately apparent from the text of the fraud statutes.
To read the Thomson Reuters Westlaw Today article, please click here.
To read the Columbia Law School Blue Sky Blog article, please click here.
To read the LexBlog article, please click here.