Second Circuit Clarifies Standards for Insider Trading Claims — The Harvard Law School Forum on Corporate Governance

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Excerpt: In the latest of a string of litigation victories it has scored in the Second Circuit, the Securities and Exchange Commission convinced a panel of the Second Circuit on September 6, 2012, to vacate a district court’s grant of summary judgment to the defendants in Securities and Exchange Commission v. Obus, No. 10 Civ. 4749.  In so doing, the Circuit clarified, and to some extent modified, the standards for tipper/tippee insider trading under the misappropriation theory.

Read full article via Second Circuit Clarifies Standards for Insider Trading Claims — The Harvard Law School Forum on Corporate Governance and Financial Regulation.

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