Salman v. United States
| Docket No. | Argument | Opinion | Vote | Author | Term |
|---|---|---|---|---|---|
| 15-628 | Oct 5, 2016 | Jun 12, 2016 | 8-0 | Alito | OT 2016 |
Holding: The U.S. Court of Appeals for the 9th Circuit properly applied the court's decision in Dirks v. Securities and Exchange Commission to affirm Bassam Salman's conviction because, under Dirks, the jury could infer that Salman's tipper personally benefited from making a gift of confidential information to a trading relative.
Judgment: Affirmed, 8-0, in an opinion by Justice Alito on June 12, 2016.
SCOTUSblog Coverage
- Opinion analysis: Court upholds friends and family insider-trading conviction (Amy Howe, December 6, 2016)
- Argument analysis: The friends and family solution for insider trading (Amy Howe, October 5, 2016)
- Argument preview: Justices to consider what constitutes a personal benefit in insider trading (Amy Howe, September 28, 2016)
| Date | Proceedings and Orders |
|---|---|
| 11/10/2015 | Petition for a writ of certiorari filed. (Response due December 14, 2015) |
| 12/14/2015 | Brief of respondent United States in opposition filed. |
| 12/21/2015 | Reply of petitioner Bassam Yacoub Salman filed. |
| 12/30/2015 | DISTRIBUTED for Conference of January 15, 2016. |
| 01/19/2016 | Petition GRANTED limited to Question 1 presented by the petition. |
| 02/09/2016 | The time to file the joint appendix and petitioner's brief on the merits is extended to and including May 6, 2016. |
| 02/09/2016 | The time to file respondent's brief on the merits is extended to and including August 1, 2016. |
| 04/27/2016 | Consent to the filing of amicus curiae briefs, in support of either party or of neither party, received from counsel for the petitioner. |
| 05/06/2016 | Joint appendix filed. (Statement of costs filed) |
| 05/06/2016 | Brief of petitioner Bassam Y. Salman filed. |
| 05/13/2016 | Brief amicus curiae of The NYU Center on the Administration of Criminal Law in support of neither party filed. |
| 05/13/2016 | Brief amicus curiae of Securities Industry and Financial Markets Association in support of neither party filed. |
| 05/13/2016 | Brief amici curiae of National Association of Criminal Defense Lawyers, and the New York Council of Defense Lawyers filed. |
| 05/13/2016 | Brief amicus curiae of Mark Cuban filed. |
| 05/13/2016 | Brief amicus curiae of Daryl M. Payton filed. |
| 05/13/2016 | Brief amicus curiae of Cato Institute filed. |
| 07/13/2016 | SET FOR ARGUMENT on Wednesday, October 5, 2016. |
| 07/22/2016 | Record requested from U.S.C.A. 9th Circuit. |
| 07/23/2016 | Record received from U.S.C.A. 9th Circuit is electronic and located on PACAER. |
| 07/23/2016 | Record received from U.S.D.C. of California Northern District of San Francisco is electronic. This record is SEALED. |
| 07/28/2016 | Record received from U.S.D.C. Northern District of California, this record is SEALED. 1 Box. |
| 08/01/2016 | Brief of respondent United States filed. |
| 08/08/2016 | Brief amicus curiae of Richard D. Freer filed. (Distributed) |
| 08/08/2016 | Brief amicus curiae of Occupy the SEC (OSEC) filed. (Distributed) |
| 08/09/2016 | CIRCULATED |
| 08/31/2016 | Reply of petitioner Bassam Yacoub Salman filed. (Distributed) |
| 10/05/2016 | Argued. For petitioner: Alexandra A. E. Shapiro, New York, N. Y. For respondent: Michael R. Dreeben, Deputy Solicitor General, Department of Justice, Washington, D. C. |
| 12/06/2016 | Adjudged to be AFFIRMED. Alito, J., delivered the opinion for a unanimous Court. |
| 01/09/2017 | JUDGMENT ISSUED. |