Anthony Chiasson, the co-founder of Level Global Investors LP, and Todd Newman, a portfolio manager of Diamondback Capital LLC, were convicted of insider trading in December 2012. Their trial followed a federal probe of what the government alleged was a wide-ranging scheme involving a group of analysts and insiders who traded on illicit tips about Dell, Inc. and Nvidia Corporation. The reversal of the convictions on December 10, 20141 has reignited a debate about just what it