Earlier this week, the US Supreme Court announced it would review Salman v. US, an insider trading case. Claire Rauscher joined Law360.com to discuss the implications of the Supreme Court’s decision to review the “personal benefit” requirement to hold someone liable for inside information trading.
“While some see this development as bad news for the government and others think the Supreme Court’s cert. grant will lead to the overturn of Salman, the Supreme Court clearly sees the circuit split as ripe for their determination. The Newman and Salman decisions have created a question that needs to be resolved quickly. All parties need to understand what constitutes a ‘personal benefit’ under the insider trading statute since compelling arguments can be made in support of either perceived definition. Hopefully, their decision will be clear, so everyone will understand how to prosecute and defend insider trading cases,” Rauscher told Law360.com.
Click here to read the full article, “Lawyers React to High Court's Decision to Hear Trading Case”.
Claire Rauscher focuses her practice on complex white collar litigation, and has represented clients in all phases of state and federal proceedings, including pre-indictment investigations, grand jury practice and criminal trials. Rauscher conducts corporate internal investigations and assists clients in developing and implementing compliance programs. She also counsels clients in responding to subpoenas, search warrants and other white collar inquiries.