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Bolandian Insider Trading Conviction Vacated, Remanded

The Ninth Circuit vacated Shahriyar Bolandian's insider trading conviction and remanded for a new trial, holding that the district court plainly erred by failing to independently investigate a juror (Juror No. 6) who expressed uncertainty about his impartiality. The panel held that defense counsel cannot waive a district court's independent duty to conduct a reasonable inquiry into juror bias that emerges during trial; without such an inquiry, Bolandian forfeited — rather than waived — his bias challenge, triggering plain-error review on appeal.

SEC v. Kevan Sadigh - Final Judgment

The SEC has filed a Final Judgment against Defendant Kevan Sadigh in the U.S. District Court for the Central District of California. The judgment permanently enjoins Sadigh from violating securities laws related to insider trading and market manipulation, specifically Section 10(b) and Rule 10b-5, and Section 14(e) and Rule 14e-3 of the Exchange Act.

SEC Obtains Final Judgment Against Kevan Sadigh for Insider Trading

The SEC announced that a final consent judgment has been entered against Kevan Sadigh for insider trading. The judgment permanently enjoins Sadigh from violating securities laws and orders him to pay $108,120 in disgorgement, which is satisfied by a parallel criminal forfeiture order.