The French government's biggest insider trading case against two individuals teeters on the brink of collapse on claims of data privacy breach by the charged suspects. They accuse authorities of illegally accessing their private communications, authority which they say, should only be availed when national security is threatened. The Court of Justice of the European Union in a 15-judge bench is hearing submissions on whether the evidence relied upon by the French authorities in bringing the case against traders Alexis Kuperfis, and Lucien Selce, should be set aside as inadmissible as the same was illegally obtained. The authorities tapped burner phones used in the alleged market info tip-offs. "The court clarified last year that EU rules ban wide-scale measures forcing internet and phone operators to carry out 'the general and indiscriminate transmission or retention of traffic data and location data.' Such data should only be accessed in case of a “serious threat” to national security, it said
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