Skip to content
Matt Levine

Justices Aren't Interested in Insider Trading Case

It's good news for hedge fund managers, though sort of neutral for golfers.

The big insider trading news today is more of an absence of news: The Supreme Court will not review the U.S. v. Newman decision, which held that you can't be guilty of insider trading based on leaked inside information if (1) the person leaking the information didn't get a "personal benefit" in exchange or (2) he did, but you didn't know about it.

QuickTake Insider Trading