Deals
Jailed Ex-Perella Banker May Be Freed in Insider-Trading Appeal
- Court invites Sean Stewart to seek freedom as it weighs case
- Stewart is serving three years for tipping father to mergers
Sean Stewart exits federal court in New York on Feb. 17, 2017.
Photographer: Louis Lanzano/BloombergThis article is for subscribers only.
A former Perella Weinberg Partners LP banker convicted of tipping his father to five health-care mergers may be the latest insider-trader to win his freedom, as another case threatens to fall apart on appeal.
In an unusual request that signals the court may have decided to overturn all or part of Sean Stewart’s conviction, a federal appeals panel in Manhattan invited him on Tuesday to file a request to be released from prison while it considers his appeal.