Man Seeks Rehearing Of Panel’s Ruling Overturning Order In Insider Trading Suit

Mealey's (April 13, 2023, 1:29 PM EDT) -- RICHMOND, Va. — A Fourth Circuit U.S. Court of Appeals panel incorrectly ruled that a federal judge in Virginia erred in granting an investor’s motion for judgment as a matter of law in a Securities and Exchange Commission insider trading action against the investor because the panel’s opinion “relies on incorrect facts; overlooks and misapprehends material facts; and overlooks, misapprehends, and conflicts with relevant law,” the investor argues in a petition for rehearing....