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(Updates with ruling in second paragraph.)
Feb. 10 (Bloomberg) -- Former Primary Global Research LLC executive James Fleishman, convicted of taking part in an insider-trading scheme, will have to report to prison this month to start serving a 2 1/2-year sentence after losing a bid for bail pending appeal.
The U.S. Court of Appeals in New York today denied Fleishman’s request to remain free while it considers the challenge to his conviction on two conspiracy charges.
Fleishman is accused of participating in a scheme to obtain and pass along confidential information from technology company employees who moonlighted as consultants for Mountain View, California-based Primary Global, a so-called expert-networking firm. The tips were given to fund managers who paid Primary Global for consultation calls, prosecutors said.
In December, U.S. District Judge Jed Rakoff in Manhattan denied Fleishman’s request to dismiss his conviction or grant him a new trial.
The case is U.S. v. Nguyen, 11-cr-32, U.S. District Court, Southern District of New York (Manhattan).
--Editors: Andrew Dunn, Glenn Holdcraft
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