Judge Temporarily Blocks STOCK Act Enforcement

Law360, New York (September 13, 2012, 8:52 PM EDT) -- A Maryland federal judge overseeing a legal challenge by federal employees to a new insider trading law on Thursday agreed to temporarily block enforcement of the purportedly intrusive bill requiring thousands of U.S. officials to publicly disclose information about their financial transactions.

U.S. District Judge Alexander Williams Jr. granted the request for a temporary preliminary injunction against the Stop Trading on Congressional Knowledge Act, or STOCK Act, made by a group of federal employees challenging the law.

The judge stayed the case until Sept. 24, noting...
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