United States Second Circuit
US v. Contorinis, 11-3
An investment portfolio-manger's conviction for securities fraud and insider trading is affirmed, as the district court properly instructed the jury on the definition of material, nonpublic information and acted within its discretion in admitting evidence concerning the trades by other individuals. However, the forfeiture order is vacated because the district court erred in ordering defendant to forfeit gains acquired by his employer but not by him.
Appellate Information
- Decided 08/17/2012
- Published 08/17/2012
Judges
- Winter
Court
- United States Second Circuit