News & Insights

Article on Securities Fraud

On January 12, 2011, the New York Federal Criminal Practice blog featured an article by Valerie A. Gotlib relating to a key decision by the U.S. Court of Appeals for the Second Circuit reversing a conviction for securities fraud. The case, United States v. Kaiser, 609 F.3d 556 (2d. Cir. 2010), is notable for multiple reasons and included an observation by the court that insider trading requires a “heightened level of scienter.” A link to the article may be found here.