Reuters – A research consultant charged last week with illegally tipping hedge funds to inside company information can be released on bail, a judge said, rejecting calls by U.S. prosecutors to keep him detained because of insults he made to government officials who were investigating the case.
The consultant, John Kinnucan, will remain in jail in his hometown of Portland, Oregon, until he can meet the conditions of a $5 million bond, U.S. District Judge Deborah Batts ruled at a hearing in New York on Thursday.
