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Insider Trading in the Wake of United States v. Newman & Chiasson


Speaker(s): Alexandra A.E. Shapiro, Gregory Morvillo
Recorded on: Jan. 5, 2015
PLI Program #: 132005

Alexandra Shapiro is a partner and co-founder of Shapiro Arato LLP, a New York litigation boutique firm. She is an experienced litigator specializing in appeals, white-collar criminal defense, and complex civil litigation.

Alexandra represents the Petitioner in Salman v. United States, which will be argued before the Supreme Court in October 2016.  She has argued numerous appeals in federal courts including the Courts of Appeals for the First, Second, Eleventh, and D.C. Circuits, and in New York State’s courts. Some of her notable victories in recent years include the Second Circuit’s reversal of the insider trading conviction of a hedge fund portfolio manager in the landmark decision in United States v. Newman; the Second Circuit's reversal of the conviction of a former Ernst & Young partner in a high profile tax shelter prosecution; the Second Circuit's reversal of the conviction of the former Chief Marketing Officer of U.S. Food Service for securities fraud; and the D.C. Circuit's reversal of a judgment in favor of the Federal Election Commision against a group seeking to obtain ballot access for an independent presidential candidate. Alexandra also authored amicus briefs on the U.S. Sentencing Guidelines that were cited by the Supreme Court in United States v. Booker and Rita v. United States.

Alexandra served as the President of the New York Council of Defense Lawyers in 2014-2015.  She currently serves on the Lawyer’s Advisory Committee to the U.S. Court of Appeals for the Second Circuit on the selection of members to that court’s Criminal Justice Act Panel. Alexandra has been recognized by Best Lawyers in America and Superlawyers in the specialty of Appellate Law, and as one of the top 50 Women Lawyers in New York by Superlawyers.

Prior to co-founding her firm in 2009, Alexandra was a partner of Latham & Watkins LLP for nine years, and before that, an Assistant U.S. Attorney in the Southern District of New York, where she also served as Deputy Chief Appellate Attorney. In addition, she clerked for Justice Ruth Bader Ginsburg of the Supreme Court of the U.S. and for Judge Stephen F. Williams of the U.S. Court of Appeals for the D.C. Circuit, and served as an attorney-adviser in the Office of Legal Counsel of the U.S. Department of Justice.

Alexandra received her J.D. from Columbia University School of Law; she graduated first in her class and was an articles editor of the Columbia Law Review. She received her B.A. from Williams College, graduating magna cum laude and with Honors in History.


Gregory Morvillo is a partner at Morvillo LLP, the New York & Washington DC law firm he, his brothers, and his uncle founded in April 2012.  Morvillo advises clients on criminal law, securities, regulatory, civil, administrative and corporate governance issues.  Most recently, in what some have called a landmark ruling, Morvillo successfully represented Anthony Chiasson in his criminal insider trading trial and subsequent appeal, as well as in the SEC matter.  Chiasson, a former hedge fund manager recently had his conviction for insider trading violations, vacated by the U.S. Court of Appeals for the Second Circuit, with orders to dismiss the indictment with prejudice in United States v Newman. Morvillo earned a law degree from Fordham University School of Law, a master of fine arts degree from Brandeis University, and a bachelor's degree from Gettysburg College.

Primary Areas of Practice: White Collar Criminal

Law School: Fordham University School of Law

Work History: Swidler Berlin Sherref Friedman,

2000-01, Movillo Abramowitz, 2001-2012, Morvillo LLP 2012-present