October 06, 2015
Mark Olinsky commented on the Supreme Court's Newman rejection stating: "It is always risky to read too much into a denial of cert. But
at the very least, in the face of an arguable circuit split, the Supreme Court
has decided – at least for now -- to leave the standard for tippee liability
murky and to leave intact a Second Circuit decision that makes it much harder
to obtain convictions of downstream tippees."