Martoma v. United States
Brief Details
- Case No.: 14-3599
- Brief Filed: October 13, 2017
- Jurisdiction: 2nd Circuit Court of Appeals
Key Topics in the Brief
Briefs
Prior Decision
Panel decision 869 F.3d 58 (2nd. Cir. Aug. 23, 2017).
Argument(s)
The panel improperly overruled binding circuit precedent. The panel's ruling is inconsistent with Dirks and Salman, and undercuts 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 and Courtney Colligan, Hogan Lovells US LLP, New York, NY; Richard D. Willstatter, NACDL, White Plains, NY.
