Alison Frankel reports that SDNY US Attorney Preet Bharara and his office are whining about the US v. Newman decision:
... the U.S. attorney’s office [issued] a statement that said, in part, that the 2nd Circuit decision “appears in our view to narrow what has constituted illegal insider trading.
Wrong. The decision rejected an aggressive effort by Bharara and his gang of populist gunslingers to expand the scope of insider trading liability far beyond what the Supreme Court allows.
