Salman v. United States
Citation
580 U.S. 39 (2016)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
A tipper receives a personal benefit sufficient to establish tipping liability under Dirks when the tipper makes a gift of confidential information to a trading relative or friend; no additional proof of tangible benefit is required.
Significance
Confirmed and extended Dirks; resolved a circuit split by holding that a gift to a trading relative is itself a sufficient personal benefit.