Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Second Circuit Considers Venue and Conspiracy Implications of Remote Insider 'Tipees'
In United States v. Geibel, 2004 WL 1178779 (2d Cir. May 28, 2004), the Court of Appeals considered several arguments on appeal raised by three remote 'tipees' in an insider trading conspiracy, who were convicted after trial. In Geibel, the originator of the inside information had worked at two New York investment banking firms, and made arrangements with a number of people to share information about mergers and acquisitions in return for receiving a percentage of profits on the resulting trades. The originator did not know, however, that at least one of the individuals with whom he shared his information was in turn sharing his tips with other individuals, including a stock broker in Bowling Green, KY, who in turn shared the information with some of his clients. The only three defendants, or 'tipees,' in Geibel were the stock broker and two of his clients.
First, the three tipees argued that their convictions for conspiracy to commit insider trading should be reversed because the indictment had charged them as being in a common conspiracy with the originator of the inside information. The Court of Appeals agreed that the originator of the information was not a member of the conspiracy, because the originator had been unaware of the existence of these downstream tipees, and had actively sought to limit the distribution of the information. However, the Court of Appeals upheld the conviction for conspiracy to commit insider trading because the defendants were not substantially prejudiced by the resulting variance with the indictment. Because of the chain of conspiracy up the ladder, almost all of the same evidence would have been admitted even without the inclusion of the originator in the conspiracy.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.