Insider Trading Litigation
08.24.2017 |
Thomas K. Potter III
A Second Circuit Panel held that the Supreme Court's Salman decision abrogated the Circuit's Newman requirement of a "close personal relationship" under the "gift theory"…
07.19.2017 |
Thomas K. Potter III
Trader Joseph Ruggieri finally prevailed last week, when SEC Commissioners Stein and Piwowar split on whether Enforcement proved his four trades (in 2010-2011) were made…
12.6.2016 |
Thomas K. Potter III
A unanimous Supreme Court reaffirmed the "gifting" theory of insider trading under Dirks and rejected Newman "to the extent" it required more. The Court's long-standing…
10.5.2016 |
Fob James
On October 5, 2016, the Supreme Court in Salman v. United States will hear oral argument on its first insider trading case in nearly 20…
12.15.2015 |
Thomas K. Potter III
The SEC granted two petitions for review last week that tee-up significant issues for full Commission consideration late next Spring. The Commission will consider the…
09.21.2015 |
Daniel P. Dietrich
Recent decisions try to clarify insider trading liability, but may have caused more confusion. In United States v. Newman, 773 F.3d 438 (2d Cir. 2014),…