UNITED STATES of America, Plaintiff-Appellee, v. Richard J. SMITH, Defendant-Appellant

U.S. Court of Appeals, Ninth Circuit · Decided 1998-08-25

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O’SCANNLAIN, Circuit Judge: In this appeal from an insider securities trading conviction, we must decide difficult evidentiary issues involving an illegal interception of voicemail, as well as whether internal corporate earnings projections may constitute “material” inside information and whether conviction requires proof of actual use of that inside information. <p "…

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