Rakoff Says Jury Should Decide What 'Remote Tippees' Knew
By Pete Brush ( January 4, 2016, 3:17 PM EST) -- Manhattan U.S. District Judge Jed S. Rakoff has fleshed out reasons for a denial of summary judgment to accused insider-traders Daryl M. Payton and Benjamin Durant III, calling them "remote tippees" who may have known that a colleague who let them in on a pending IBM deal got a personal benefit unlawful under Newman's exacting standards....
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