The Inter-Coastal Circuit Split On Tippee Liability: Is Judge Rakoff California Dreaming About Overturning Newman?
by: Autumn Knicely

The reason for the current circuit split between the Second and Ninth Circuits on tippee liability can be traced to one maverick judge: Hon. Jed S. Rakoff. Judge Rakoff is determined to change the law to hold Wall Street accountable. However, it is unlikely the Supreme Court will follow his lead, however much it makes sense for them to do so.

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