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Join the Securities Litigation and Enforcement Group on LinkedIn“We Know Wrongful Trading When We See It” – Some Observations Concerning the Recent Senate Hearing on the ITPA
Earlier this month, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing on the Insider Trading Prohibition Act (ITPA), which passed the house with bipartisan support in May of last year. Some prominent scholars, like Professor Stephen Bainbridge, have criticized the ITPA as ambiguous in its text and overbroad in its […]
Musk Joins Moguls to Kill S.E.C. ‘Gag Orders’ at the Supreme Court – The New York Times
Mr. Musk is now part of a group of executives who are supporting a petition filed by Barry Romeril, a former chief financial officer of Xerox, asking the Supreme Court to review a 2003 deal he made with the S.E.C. that required him to stay forever silent about a fraud case against him. Mr. Romeril’s […]