Case on appeal in New York to cast long shadow on insider trading convictions
A case on appeal would need to determine if there is a need to prove benefit redounding to tipper to be known by tippee in order to be convicted of insider trading.
Tags: Manhattan
Six British solders were charged with beating up an off-duty police officer outside a Manhattan bar in the early morning hours last Friday.
Officials say that for at least a week, Matagrano used phony credentials to get into multiple city lockups, including Rikers Island and the Manhattan Detention Center, where he mingled with inmates for hours. Investigators said the case was still unfolding, but some of the allegations were detailed in a criminal complaint describing Matagrano's entry into the Manhattan jail on Thursday.
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