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Salman v. U.S., No. 15-628 (U.S. Supreme Court) (580 U.S. ___; 137 S.Ct. 420) (December 6, 2016) (Justice Alito)

In this much-anticipated decision, the Supreme Court issued a unanimous, but narrow, ruling regarding criminal tipper/tippee liability for insider trading, a topic which the Supreme Court had not significantly addressed since its decision in Dirks v. S.E.C., 436 U.S. 646 (1983). In Dirks, the Court held that a tippee (i.e., ...

 

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