U.S. Supreme Court rejects insider trading appeal by Las Vegas gambler

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U.S. Supreme Court rejects insider trading appeal by Las Vegas gambler
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The U.S. Supreme Court on Monday refused to hear Las Vegas sports gambler Willia...

Professional sports gambler William"Billy" Walters departs Federal Court after a hearing in Manhattan, New York City, New York, U.S., July 29, 2016. Match interview USA-CRIME/ REUTERS/Andrew Kelly

Walters, 73, was accused of using nonpublic information from former Dean Foods Co Chairman Thomas Davis about the dairy processing company and Olive Garden parent Darden Restaurants Inc to make more than $43 million in profits and avoiding losses from 2008 to 2014. Neither Icahn nor Mickelson was charged with wrongdoing. Mickelson, who once had gambling debts to Walters, agreed in 2016 to forfeit $1.03 million he made on Dean Foods shares to settle a U.S. Securities and Exchange Commission civil case.

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