* Starboard Value LP has built a roughly 6 percent stake in Staples Inc and increased its position in Office Depot Inc to about 10 percent, according to people familiar with the matter, moves that could increase pressure for a combination of the office-supply retailers. not ready for president 'Jersey Guy' Christie ( Reuters)
Hong Kong police haul protesters away as camp site is dismantled ( Reuters).Senate's CIA report makes false charges ( Reuters) Banks only take €130bn of cheap loans from ECB ( FT).It’s a weird war when Iran and the U.S.Japan machinery orders tumble in another blow to economy and PM Abe ( Reuters).How Wal-Mart Made Its Crumbling China Business Look So Good for So Long ( BBG).Mobius Says China’s Bull Market Is Just Getting Started ( BBG).China eases bank lending restrictions, PBOC targets 10 trillion yuan in loans for 2014 ( Reuters).SNB Says Deflation Risks Increased as Franc Cap Maintained ( BBG).Russia’s Fifth Rate Increase Fails to Halt Ruble Slide to Record ( BBG).‘Severe Downturn’ Threatening Norway, Central Bank Governor Says ( BBG).Norway’s Shock Rate Cut Drives Krone to Lowest Since 2009 ( BBG).Greece to hold elections in January if president vote fails ( Reuters).Shale operaters Goodrich, Oasis Petroleum cut spending for 2015 as oil slides ( Reuters).We wonder how many shipments of Picassos to the three appeals court judges did the verdict cost Steve Cohen? “It sends a loud and clear message that the government will be rebuked when it tries to turn innocent conduct into a crime, as it did in the case of Mr. “The Second Circuit’s decision clearly means that Michael Steinberg is innocent of any crime and his conviction will be vacated as well,” Mr. Steinberg’s lawyer, Barry Berke, predicted a similar outcome for his client. “He is deeply gratified that the decision issued today unequivocally re-establishes his innocence under the law – consistent with what Anthony has steadfastly maintained for the duration of this ordeal.” “Today’s decision is a resounding victory for the rule of law and for Anthony Chiasson personally,” the lawyer, Gregory Morvillo, said. Chiasson’s lawyer applauded the decision and its wider consequences. Bharara’s milestone insider trading convictions: Michael Steinberg, of SAC Capital Advisors, the once-giant hedge fund Mr. “We conclude that the jury instructions were erroneous and that there was insufficient evidence to support the convictions,” a three-judge panel wrote.įor now, the decision imperils at least one other of Mr.
#SRDX BACKTEST TRIAL#
Citing the trial judge’s “erroneous” instruction to jurors, the court not only overturned the convictions but threw out the cases altogether. In a 28-page decision (below) that could rewrite the course of insider trading law, sharply curtailing its boundaries, the United States Court of Appeals for the Second Circuit in Manhattan tossed out the case against two former hedge fund traders, Todd Newman and Anthony Chiasson.
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