Preet Bharara (pictured), the new U.S. attorney for the SDNY, today promoted several prosecutors in the office to key senior positions. Bharara was confirmed as U.S. Attorney for the office on August 7. Reuters reports that Bharara’s promotions included the following attorneys: Boyd Johnson was named deputy U.S. attorney. He was previously chief of the office’s public corruption and international…
Noted law professor Stephen Bainbridge has written a new paper entitled “The Stop Trading on Congressional Knowledge Act” in which he takes a hard look at an issue that we have discussed here recently, as well: whether members of Congress can be held liable for trading on the basis of material nonpublic information.