In an insider trading prosecution, the restitution order issued against defendant is reversed, where the gain from defendant's offense should be calculated in a manner that is more narrowly focused on producing a figure that reflects, in at least approximate terms, the proceeds related to his criminally culpable conduct.
Read US v. Nacchio, No. 07-1311
Appellate Information
Filed July 31, 2009
Judges
Opinion by Judge Holmes
Counsel
For Appellant:
Maureen E. Mahoney, Latham & Watkins LLP, Washington, DC
Alexandra A.E. Shapiro, Latham & Watkins LLP, Washington, DC
For Appellee:
Stephan E. Oestreicher, Jr., Attorney, Criminal Division, Department of Justice, Washington, DC
