Weekly News Update


*Under insider-trading law, prosecutors must show that a tipster received a “personal benefit” for leaking information. That much is clear. Now, the Supreme Court will define that term. Does it mean that the tipster received something concrete, like cash, in return for the tip? Or is it enough that the insider and the recipient of the tip share a close family relationship? [Bloomberg]

*The Supreme Court set the stage for what could be a landmark ruling on immigration law and presidential power when it agreed Tuesday to decide whether President Obama has the authority to offer a “lawful presence” and a work permit to as many as 5 million immigrants living in the country illegally. [LA Times]

*A New York man is about to go on trial in a vehicular homicide case that tests the limits of criminal consequences. He wasn’t behind the wheel when a police officer was struck and killed — he was leaning against the guardrail. [New York Post]

*Robert and Cynthia Gifford cited their conservative Christian beliefs in refusing to host the 2013 wedding of Melisa and Jennie McCarthy at Liberty Ridge Farm, north of Albany. They appealed a ruling from the state’s Division of Human Rights, asserting their rights to free speech and religious exercises, but the appeal failed and they were fined $13,000. [Fox News]

*A New York woman faces a year in jail for violating an order of protection involving her former sister-in-law — because the violator linked the woman in a Facebook post that called her “stupid.” [New York Post]

*Former drug executive Martin Shkreli plans to hire new legal counsel to represent him against U.S. charges that he defrauded investors at his former hedge fund and a pharmaceutical company he headed, Shkreli’s current lawyers said. [Reuters]

*Texas Attorney General Ken Paxton declared daily fantasy sports illegal in his state Tuesday, putting more pressure on the embattled industry and leading sites DraftKings and FanDuel. [ESPN]