Securities Cases To Watch In The 2nd Half Of 2016
By Carmen Germaine
July 12, 2016
All eyes are currently on the U.S. Supreme Court as it considers Salman v. USA, Bassam Salman’s challenge to his insider trading case and the first insider trading case the court has taken up since its 1997 decision in U.S. v. O’Hagan.
Ron Colombo, a professor at the Maurice A. Deane School of Law at Hofstra University, predicted that the Supreme Court could even go a step further than deciding whether a personal benefit was exchanged in Salman’s case and make a more decisive ruling on what makes insider trading illegal, especially without the restraining influence of the late Justice Antonin Scalia.
“I think they may be more apt to actually just sort of clarify things once and for all,” Colombo said.