The Supreme Court Denies Cert after the Second Circuit’s Decision in Newman – What does that mean for insider trading law in the First Circuit?

Allison O'Neil is speaking at the Boston Bar Association's November 17th event from 12:30 p.m. to 1:30 p.m. The Second Circuit’s decision in U.S. v. Newman altered the requirements of proving insider trading liability. The government filed a petition seeking certiorari in the Supreme Court, which was denied on October 5, 2015. The First Circuit and other circuits have yet to decide whether to adopt the Second Circuit’s Newman holding (in whole or part). Our Panel and program attendees will discuss what the Newman decision means in the First Circuit given prior First Circuit case law in the area of insider trading, and a case pending before the First Circuit this fall that raises many of these issues, U.S. v. Parigian.

After this seminar, attendees will know how pre-existing insider trading case law in the First Circuit fits within the framework of the Newman decision, and Panel and program attendees’ views of whether the First Circuit will adopt the Newman analysis (in whole or part).

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