Lessons for Hedge Fund Managers From the Government’s Failed Prosecution of Alleged Insider Trading Under Wire and Securities Fraud Laws



Todd Harrison wrote this bylined article about his successful defense of a hedge fund manager against federal insider trading charges. “Defendants should take heart from the wisdom of the jury that acquitted” his client, Mr. Harrison wrote, calling the verdict “a clear statement that, in the jury’s judgment,” a trader who was unaware his conduct could be unlawful “has not committed a crime.”