Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

2nd Circuit dismisses insider trading case over leaked CMS info

Reprints

A divided federal appeals court on Dec. 27 threw out insider trading convictions of four defendants, including two former hedge fund partners, over leaks from a U.S. health care agency about planned changes to Medicare reimbursement rates, reports Reuters. In a 2-1 decision, the 2nd U.S. Circuit Court of Appeals dismissed fraud and theft charges, holding that the May 2018 convictions could not stand after a 2020 Supreme Court ruling that clarified when alleged misuse of property triggered federal fraud laws.

Read more