Relief for Whitman in insider-trading case as Rajat Gupta awaits case review

A convicted stock trader was ordered released from a California halfway house, becoming the first person to benefit from the US Supreme Court's decision last month to clarify insider-trading law.

The US Court of Appeals in New York said Tuesday that Doug Whitman, 58, founder of Whitman Capital LLC, will be temporarily freed before he finishes his two-year sentence while under the supervision of a facility in Sacramento. Whitman had asked to be released because, he says, his conduct may not be illegal if the US Supreme Court rules in.....

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