Billy Walters Case Looking Like It May Be Dismissed

The New York Times' Michael Corkery reports that the judge in Billy Walters' insider trading case is "in danger of unraveling" over FBI leak allegations.

Corkery notes that the judge scolded himself for not being cynical enough about the impact of FBI leaks, an concludes:

A dismissal would represent a significant blow to Mr. Bharara’s efforts to revive vigorous insider trading prosecutions two years after an appeals court overturned the convictions of two hedge fund managers and imposed stringent limits on prosecutors.

The case against Mr. Walters has been marred by revelations this month that a special agent for the Federal Bureau of Investigation leaked details of the inquiry to reporters at The Wall Street Journal and The New York Times two years before Mr. Walters was indicted.

That agent has told federal prosecutors that he was a “significant source of confidential information” for the reporters, who produced articles about the investigation in 2014.

This would not be the first time Walters was charged only to have the case not made. More importantly, Phil Mickelson would not have to take the stand and Billy could return to the AT&T Pro-Am!