Alexandra Shapiro Presents Briefing on Insider Trading Case at Practising Law Institute
On March 20, 2017, Alexandra Shapiro, who argued before the Supreme Court in Salman v. United States, participated in a presentation on the case for the Practicing Law Institute (“PLI”). Salman was the first insider trading case heard by the Court in nearly 20 years and resolved a split between the Second and Ninth Circuits following United States v. Newman as to what constitutes a sufficient “personal benefit” for an insider (and subsequent tippees) to be held liable for disclosing non-public information. Alexandra discussed the the Court’s opinion and its possible implications for the future of insider trading investigations.
An audio recording of the briefing can be purchased from PLI here and is approved for one unit of continuing legal education credit in New York, the UK and Canada. More information about the Salman argument and copies of the briefs can be found here.