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SALMAN v. U.S.

No. 15-628.

137 S.Ct. 420 (2016)

Bassam Yacoub SALMAN, Petitioner v. UNITED STATES.

Supreme Court of United States.

Decided December 6, 2016.

Attorney(s) appearing for the Case

Alexandra A.E. Shapiro, New York, NY, for petitioner.

Michael R. Dreeben, Washington, DC, for the respondent.

Alexandra A.E. Shapiro, Daniel J. O'Neill, Shapiro Arato LLP, New York, NY, John D. Cline, Law Office of John D. Cline, San Francisco, CA, for petitioner.

Donald B. Verrilli, Jr., Solicitor General, Leslie R. Caldwell, Assistant Attorney General, Ross C. Goldman, Attorney, Department of Justice, Washington, DC, for the United States in Opposition.

Anne K. Small, General Counsel, Sanket J. Bulsara, Deputy General Counsel, Michael A. Conley, Solicitor, Jacob H. Stillman, Senior Advisor to the Solicitor, David D. Lisitza, Senior Litigation Counsel, Securities and Exchange Commission, Washington, DC, Ian Heath Gershengorn, Acting Solicitor General, Leslie R. Caldwell, Assistant Attorney General, Michael R. Dreeben, Deputy Solicitor General, Elaine J. Goldenberg, Assistant to the Solicitor General, Ross B. Goldman, Attorney, Department of Justice, Washington, DC, for the Respondent.

Section 10(b) of the Securities Exchange Act of 1934 and the Securities and Exchange Commission's Rule 10b-5 prohibit undisclosed trading on inside corporate information by individuals who are under a duty of trust and confidence that prohibits them from secretly using such information for their...

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