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Browse: Home / 2020 / February / 05 / Whistle-Blowers Should Fear Insider-Trade Ruling, Defendants Say

Whistle-Blowers Should Fear Insider-Trade Ruling, Defendants Say

By Securities Docket on February 5, 2020, 9:26 am

Robert Olan and Theodore Huber, who traded health-industry stocks on the tips they got about Medicare reimbursement rates, on Monday asked the full federal appeals court in Manhattan to reconsider an earlier ruling by a three-judge panel, citing the “extraordinary consequences” if it’s not reversed.

Olan and Huber want a review of a Dec. 30 decision by the panel, which ruled 2-1 that confidential information about future regulatory moves is property that can be the subject of a prosecution when it’s stolen and used to profit in the stock market.

via Whistle-Blowers Should Fear Insider-Trade Ruling, Defendants Say.

Posted in Criminal, Top | Tagged Insider Trading, Whistleblowers

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