United States Second Circuit

Judgments of conviction of insurance company executives for conspiracy, mail fraud, securities fraud, and making false statements to the Securities and Exchange Commission are vacated and cases are remanded for a new trial where the district court abused its discretion by admitting prejudicial stock-price data to prove the materiality of misstatements to a reasonable investor.

Appellate Information

• Decided 12/19/2011
• Published 12/19/2011

Judges

• Dennis Jacobs

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Seth P. Waxman, Robert J. Cleary, Ira M. Feinberg, Alan Vinegrad, Frederick P. Hafetz, Eric J. Glover, Raymond E. Patricco