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Case focuses on whether the tipster gained something of value in return for disclosures
Appeal court ruling forces prosecutors to drop action against Steinberg
In the US, there is no statute that explicitly addresses insider trading
US attorney for Manhattan hits at Supreme Court for declining to hear overturned convictions
DoJ urges reinstatement of convictions overturned by appeals court
Court rejection could affect future prosecutions and past guilty pleas
Future prosecutions hinge on outcome of US Attorney’s challenge to appeals court decision
Burden of proof increases after convictions overturned
Appeals court ruling means prosecutors face higher hurdles pursuing future cases
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