Insider trading and the prospective investor after the Chestman decision
Article Abstract:
Investors receiving inside information who are wary of legal liability should be reassured by guidelines established by the Second Circuit Court in United States v Chestman. The court found that an investor who is not employed by inside information providers or making an agreement of confidentiality with them is generally not liable. Case law regarding insider trading and the application of SEC regulations 10b-5 and 14e-3 are presented.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Effect of asset freeze order on payment of attorney fees: SEC v. Interlink Data Network of Los Angeles, Inc
Article Abstract:
The US Court of Appeals for the 9th Circuit, in SEC v. Interlink Data Network of Los Angeles, Inc., held that advance payment of corporate counsel belonged to the corporation and not to counsel and thus fell within the scope of an order freezing the corporation's assets. In an action for securities fraud, the SEC sought an order freezing the defendant's assets. Payment to secure counsel's availability would not be subject to the freeze.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Insider trading: new SEC rules and an important new case
Article Abstract:
The authors discuss the US District Court for Northern California's decision in SEC v. Truong, which changes the basis on which the SEC must prove possession of insider information and thus convict for securities fraud.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A company's ability to prevent disclosure of attorney's notes created during an internal investigation may depend on its use of reports produced in the inquiry
- Abstracts: Enforcement of the General Agreement on Tariffs and Trade. Blowing smoke? A reappraisal of U.S. tobacco policy in China
- Abstracts: Ensuring uniformity in the implementation of the 1997 OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
- Abstracts: The price of doing business: environmental criminal fines and the administrative expense solution. The administrative relationship between the district and bankruptcy courts
- Abstracts: Trade dress can coexist easily with design patent; courts stresss that the two are nonintersecting IP subsets and neither can outweigh the other