Daily Archives: December 14, 2021, 11:03 am

Order of Dismissal: SEC v. Clark

Hot off the presses and under the radar: E.D.Va. Judge Claude M. Hilton yesterday ordered a rare (perhaps unprecedented) directed verdict against the SEC in favor of an insider trading tippee defendant. (The tippee, though he never traded or profited, settled with the SEC a month before trial, neither admitting nor denying wrongdoing.) Yes, you read that right – after…

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