The rules surrounding insider trading and securities violations are extensive and can be complicated. In order to determine if an executive selling or
In People v. Credit Suisse Securities (USA) LLC, No. 40, 2018 WL 2899299 (N.Y. June 12, 2018), the Court of Appeals for the State of New York ruled
Earlier this year, the SEC released cybersecurity guidance addressing, among other things, the risk of insider trading in the event of a data breach
In Iowa Public Employees' Retirement System v MF Global, Ltd, No 09-3919, 2010 WL 3547602 (2d Cir Sept 14, 2010), the United States Court of Appeals for the Second Circuit vacated the dismissal of plaintiffs' securities fraud claims and remanded the case to the district court, holding that the district court applied the "bespeaks caution" doctrine erroneously to statements that contained both present and future elements.
In re Omnicom Group, Inc. Securities Litigation, No. 08-0612-CV, 2010 WL 774311 (2d Cir. Mar. 9, 2010), the United States Court of Appeals for the Second Circuit affirmed the district court’s grant of summary judgment dismissing a securities fraud class action for failure to proffer sufficient evidence to support a finding of loss causation.