Judge Upholds NYU’s Denial of Business Degree to Student in Insider-Trading Case

A federal judge has ruled that New York University is not required to award an M.B.A. to a student who had completed his course requirements before pleading guilty to conspiracy in an insider-trading case, Reuters reported. The student had sued NYU for denying him the degree, saying it had violated its own disciplinary rules. But Judge Lewis A. Kaplan of the U.S. District Court in Manhattan, ruled that the discretion to determine whether the student was qualified to receive the degree rested with the business school’s faculty.