Legal Opinion
Securities & Exchange Commission v. Payton
District Court, S.D. New York
Decided November 28, 2016No. 14 Civ. 4644PublishedCited by 2 opinions
1Opinion of the Court
OPINION AND ORDER
JED S. RAKOFF, UNITED STATES DISTRICT JUDGE.
On February 29, 2016, following a seven-day trial, a jury found defendants Daryl *488M. Payton and Benjamin Durant, III civilly liable for insider trading. See Verdict, ECF No. 136. At the close of evidence, defendants Payton and Durant moved for judgment as a matter of law pursuant to Fed. R. Civ. P. 50(a). See Trial Transcript (“Trial Tr.”) at 880-89. The Court denied the motion. Id. at 889. Defendants Payton and Durant now move for judgment as a matter of law pursuant to Fed. R. Civ. P. 50(b), or, in the alternative, for a new trial…
2Cases cited16 opinions
- Reeves v. Sanderson Plumbing Products, Inc.Supreme Court of the United States · 2000
- Cash v. County of ErieCourt of Appeals for the Second Circuit · 2011
- United States v. O'HaganSupreme Court of the United States · 1997
- Dirks v. Securities & Exchange CommissionSupreme Court of the United States · 1983
- In Re Health Management Systems, Inc. Securities LitigationDistrict Court, S.D. New York · 2000
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3Cited by2 opinions
- United States v. MartomaCourt of Appeals for the Second Circuit · 2017
- United States v. MartomaCourt of Appeals for the Second Circuit · 2018