US v. Nacchio, No. 07-1311

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

Troy A. Eid, United States Attorney, Washington, DC