at Diamondback Capital Management LLC and others, made illegal stock trades based on corporate secrets about Dell Inc. and Nvidia Corporation. Chiasson was found guilty of conspiracy and multiple counts of securities fraud on December 17, 2012. Chiasson and Newman appealed their convictions to the United States Court of Appeals for the Second Circuit, located in Manhattan, which heard oral arguments on April 22, 2014. On December 10, 2014, the three-judge panel unanimously overturned the convictions of Chiasson and his co-defendant Todd Newman, finding that the government failed to prove they engaged in insider trading. The Appeals Court said the Government presented no evidence that he engaged in insider trading and that the judge misread the law. On April 16, 2015, the judge dismissed the indictment, and Chiasson was exonerated. This was the first time an appeals court has overturned convictions in connection with the Justice Department's crackdown on insider trading. The priority the department placed on insider trading has been met with criticism by some editorial boards and commentators. U.S. Attorney for the Southern District of New York, Preet Bharara, characterized the legal rationale supporting Chiasson's unanimous acquittal as "dramatically wrong" and filed a request for reconsideration by the three-judge panel that heard the appeal or for a rehearing en banc. Both requests were denied without comment on April 3, 2015. On April 16, 2015, the judge dismissed the indictments, and both Chiasson and Newman were exonerated. The Supreme Court of the United States denied the Justice Department's request to review the case on October 5, 2015. The appeal court ruling and the dismissal of the indictment against Chiasson stand. See also Chip Skowron, hedge fund portfolio manager convicted of insider trading References 1973 births American investors American money managers American financial analysts American hedge fund managers Living people Stock and commodity market managers Babson College alumni American financial company founders Businesspeople from Portland, Maine Businesspeople from New York City