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Mealeys

Mealey's Securities/D&O Liability - Panel Rules That Evidence Supported District Court's Insider Trading Conviction

NEW ORLEANS - Evidence in an insider trading trial was sufficient to establish that an alleged insider possessed and disclosed material, nonpublic information to her co-conspirators in the scheme and acted with the requisite scienter, a Fifth Circuit U.S. Court of Appeals panel ruled Oct. 31 (United States of America v. Tinghui Xie, No. 18-31299, 5th Cir., 2019 U.S. App. LEXIS 32661).
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