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Imprisoned hedge fund founder seeks to void insider trading conviction

Reuters – Former hedge fund manager Doug Whitman, the first defendant in a broad U.S. insider trading crackdown to testify in his own defense, is seeking to void his conviction.

Whitman, 57, who has been imprisoned since early September, on Wednesday joined a swelling list of defendants trying to have their insider trading convictions or guilty pleas thrown out, after a recent federal appeals court decision narrowed the scope of that offense.

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