United States Second Circuit

Affirmed that a man who engaged in insider trading must pay a $93 million civil penalty. The managing partner of a multi-billion dollar group of hedge funds contended unsuccessfully that the enormous size of the monetary penalty was an abuse of discretion, in this civil suit brought by the Securities and Exchange Commission.

Appellate Information

• Published 2019/03/05

Judges

• Lynch

Court

• United States Second Circuit

Counsel