High Court Won’t Take Overturned Insider Trader Conviction
Washington — The Supreme Court said Monday it won’t hear the Obama administration’s appeal of a lower court ruling that made it tougher to prosecute people for trading on leaked inside information. The justices let stand a decision by the federal appeals court in New York last year that threw out insider trading convictions of two high-profile hedge fund managers. The 2nd U.S. Circuit Court of Appeals overturned the convictions of...
