By Lawrence Hurley and Nate Raymond WASHINGTON/NEW YORK (Reuters) - The U.S. Justice Department asked the Supreme Court on Thursday to reverse a federal appellate court's insider trading ruling, calling it a "roadmap" for potential criminals that undermined efforts to ensure the "integrity of the securities markets." Solicitor General Donald Verrilli filed a petition seeking review of a December ruling by the 2nd U.S. Circuit Court of Appeals in New York that reversed the insider trading convictions of hedge fund managers Todd Newman and Anthony Chiasson. The ruling marked a major setback for an insider trading crackdown underway since 2009 under Manhattan U.S. Attorney Preet Bharara, whose office brought charges against 96 people.
A judge on Thursday set a bond of $1 million for a former University of Cincinnati campus police officer charged with the murder of an unarmed black man he had stopped for a missing license plate. Ray Tensing, 25, pleaded not guilty at the arraignment before Hamilton County Court of Common Pleas Judge Megan Shanahan in Cincinnati. Tensing was indicted on Wednesday on murder and voluntary manslaughter charges in the July 19 death of Samuel DuBose, 43, who was shot in the head during a traffic stop.
LOWER LAKE, Calif. (AP) — Triple-digit temperatures and gusty winds thrust Northern California into full-fledged wildfire season Thursday with several new blazes flaring up, forcing hundreds of people from their homes.