‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSupreme Court’s Wasted Chance On Insider Trading | Stock News & Stock Market Analysis – IBD
The question before the court was whether it was still insider trading if the insider got nothing in return for giving the information to the outsider who traded. The court ruled that no exchange is required: Giving information as a gift is still insider trading. Fine, but there is nothing in the decision that event […]
Rejecting ‘Newman,’ SCOTUS Clears Up Rules for Insider-Trading Prosecutions | The Recorder
In a win for federal prosecutors, the U.S. Supreme Court on Tuesday embraced a broad interpretation of insider-trading rules that will allow the government to pursue cases even when it cannot be shown that the insider was trying to benefit from giving the tip. via Rejecting ‘Newman,’ SCOTUS Clears Up Rules for Insider-Trading Prosecutions | […]
Insiders ‘Back On The Hook’ After Top Court’s Trading Ruling | Big Law Business
For two years, stock traders and the attorneys who represent them said insider-trading law was a muddle, with no one knowing exactly what was or wasn’t legal. On Tuesday, the U.S. Supreme Court said it had “easily” settled the question. No one doubted that a trader who paid cash to an insider for privileged information […]