Based on the Supreme Court's October 5, 2015, denial of certiorari, the Second Circuit's ruling in U.S. v. Newman - a decision widely considered to make insider trading convictions more difficult for the government to prove - remains intact. Against a host of successful insider trading prosecutions by the Department of Justice, the Second Circuit's decision in Newman was a sudden, and perhaps unexpected, development that severely limited the government's ability to pursue insider trading charges in many instances.
