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Email On January 19, 2016, the United States Supreme Court granted certiorari in United States v. Salman, in which the Ninth Circuit Court of Appeals held that the government may prove a “personal benefit” to a tipper of inside information—a necessary element of an insider trading case involving tipping—by showing evidence that an insider made a “gift” of confidential information to a trading relative or friend. https://www.cadwalader.com/resources/clients-friends-memos/getting-by-with-a-little-help-from-friends-united-states-supreme-court-to-clarify-insider-trading-liability-in-tipping-cases