Decision On Wednesday, December 10th 2014, in the case United States v. Newman and Chaisson, the United States Court of Appeals 2nd circuit made a controversial decision to reverse the convictions and indictments against Newman and Chaisson.  The court document states: “….we hold that the evidence was insufficient to sustain a guilty verdict against Newman and Chiasson for two reasons.    First, the Government’s evidence of any personal benefit received by the alleged insiders was insufficient to establish the tipper liability from which defendants’ purported tippee liability would derive.    Second, even assuming that the scant evidence offered on the issue of personal benefit was sufficient, which we conclude … Continue reading #AlignedValue Commentary: Impetus for New #InsiderTrading Governance & Regulations #DBConf