Court will not reconsider key ruling on insider trading

April 3, 2015 8:41 PM

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Court will not reconsider key ruling on insider trading

A federal appeals court denied a request to reconsider a decision that upended U.S. prosecutors’ pursuit of insider trading on Wall Street, leaving in place a ruling that could limit the government’s ability to pursue such cases.

The Second U.S. Circuit Court of Appeals on Friday declined Manhattan U.S. Attorney Preet Bharara’s request to rehear the case, both by the original three-judge panel, and by the full court.

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