United States Supreme Court
137 S. Ct. 420 (2016)
Maher Kara (Maher) was an investment banker for Citigroup. Maher gave inside information to his brother, Michael Kara (Michael). Maher knew that Michael would trade on the information. Maher loved his brother and testified at trial that he gave Michael the information to help him. In addition to trading on this information himself, Michael gave the information to his friend Bassam Salman (defendant), who also traded on the inside information. At trial, Michael testified that Salman knew the inside information was coming from Maher. Salman made over $1.5 million in profits using the inside information. A jury in the United States District Court for the Northern District of California convicted Salman of securities fraud. The United States Court of Appeals for the Ninth Circuit affirmed. The United States Supreme Court granted certiorari.
Rule of Law
Holding and Reasoning (Alito, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 218,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.