September 6, 2012
Second Circuit Releases Magnum OBUS On Insider Trading
In SEC v. Obus (2d Cir. 2012), released yesterday, the Second Circuit provides a primer on insider trading law, with particular attention paid to tipper liability, tippee liability, and scienter. The Court also seeks to reconcile the supposed conflict between Dirks and Hochfelder with respect to the level of scienter that must be proved in tipping situations. Obus is required reading for anyone working in the white collar and securities fraud fields.
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Posted by: Defense Attorneys Fort Worth | Sep 17, 2012 11:29:43 PM