Seventh Circuit enters “unchartered territory” of insider trading law — Cadwalader

In the midst of recent, high-profile insider trading investigations and prosecutions, the Seventh Circuit issued a decision marking “unchartered territory” in the SEC’s continuing crackdown on insider trading: mutual fund redemptions, but it sidestepped the critical question.

via Seventh Circuit enters “unchartered territory” of insider trading law but leaves open novel question of whether the misappropriation theory of insider trading applies to mutual fund issues — Cadwalader