The holidays are no time to force a man to completely reevaluate everything he stands for. So please, Second Circuit Court of Appeals, let Preet mull over your shattering insider-trading definition in the New Year.
U.S. Solicitor General Donald Verrilli Jr. and Bharara want the time to consider their options following the decision by the U.S. Court of Appeals in New York, which required juries find a defendant knew the original source of a tip got something in exchange for it before convicting….
The U.S. has until Dec. 24 to notify the appeals court if it will appeal last week’s decision. The government said defense lawyers consented to the request to push that date back to Jan. 23.