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U.S. Wants Time to Review Landmark Insider Trading Ruling

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The government wants an extra month to decide whether to appeal a landmark ruling making it harder to bring insider trading charges, a decision that also threw out key convictions in Manhattan U.S. Attorney Preet Bharara’s seven-year probe of market manipulation.

U.S. Solicitor General Donald Verrilli Jr. and Bharara want the time to consider their options following the decision by the U.S. Court of Appeals in New York, which required juries find a defendant knew the original source of a tip got something in exchange for it before convicting.