2nd Circ. Revives $1.3M Obus Insider Trading Suit
A three-judge panel said a lower court had erred in tossing the suit, ruling the SEC submitted sufficient evidence to hold Obus, Wynnefield Capital Inc. president Peter Black and General Electric Capital Corp. analyst Thomas Strickland liable for misappropriating information about SunSource’s 2001 acquisition.
“We hold that the...
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