About the Blogger

Susan Schwab Heyman's picture

Susan Heyman joined the Roger Williams University School of Law faculty in the fall of 2011. She had previously been at the Benjamin N. Cardozo School of Law in New York. She graduated magna cum laude from Cardozo, where she was executive editor of Cardozo Law Review and the recipient of the...

Susan Schwab Heyman's Archive for August 2015

Posted by Susan Schwab Heyman
08/11/2015 at 09:11 AM
The Second Circuit Court of Appeals recently put the brakes on the Government’s successful string of insider trading prosecutions by reversing the convictions of two downstream tippees, Todd Newman and Anthony Chiasson.   In United States v. Newman, the Court criticized the government’s “over-reliance on our prior dicta” and its “doctrinal novelty” in prosecuting remote tippees many levels removed from the corporate insiders.   The court reversed the convictions on two grounds.  First, the Court held that the government did not sustain its burden of proving that either...