Panel Vacates Convictions Of 4 Men For Their Roles In Insider Trading Scheme

Mealey's (January 13, 2023, 8:18 AM EST) -- NEW YORK — Citing recent U.S. Supreme Court precedent, a split Second Circuit U.S. Court of Appeals panel vacated and remanded the convictions of four men convicted for their roles in an insider trading scheme related to confidential information they received pertaining to the Centers for Medicare and Medicaid Services (CMS), agreeing with government prosecutors that the government erred in charging the men with the counts it did....

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