This post was also written by Pablo Quiñones.
On March 20, 2012, a New York federal judge ordered Chip Skowron to pay $10 million in restitution to Morgan Stanley as a corporate victim of his insider trading and obstruction of justice schemes. The Skowron decision is a significant victory for corporate victims of insider trading, and provides a roadmap for seeking restitution under the Mandatory Victim Restitution Act. Click here for the full article by Pablo Quiñones and Jennifer Achilles in Bloomberg BNA on the Skowron decision.
