Outside Counsel

The Significance of 'U.S. v. Blaszczak' for Insider Trading Prosecutions

, New York Law Journal


Antonia M. Apps writes that recent charges brought in the Southern District against a "political intelligence" consultant, the government employee who had been his alleged source of inside information, and three hedge fund analysts whom he tipped marks the second time the government has brought insider trading charges against a "political intelligence" consultant. The case also signals that the government is confident that the recent Supreme Court decision in 'Salman v. United States' has overruled the Second Circuit's personal benefit holding in 'Newman' in its entirety.

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