United States First Circuit

Evidence that defendant possessed material, nonpublic information concerning a merger between two banks, and that he conveyed that information to a stockbroker with whom he had a close personal and financial relationship is sufficient for conviction for securities fraud.

Appellate Information

• Decided 02/14/2001
• Published 02/14/2001

Judges

• BOWNES, Senior Circuit Judge., Before TORRUELLA, Chief Judge, BOWNES, Senior Circuit Judge, and LYNCH, Circuit Judge.

Court

• United States First Circuit

Counsel

• For Appellant:
  
• John D. Donovan, Jr., with whom Jennifer A. Drohan and Ropes & Gray were on brief, for appellant.


• For Appellees:
  
• Diane C. Freniere, Assistant United States Attorney, with whom Donald K. Stern, United States Attorney, was on brief, for appellee.