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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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