9th Circ. Revives LendingTree Insider Trading Case

Law360, New York (June 30, 2008, 12:00 AM EDT) -- In a victory for the U.S. Securities and Exchange Commission, an appeals court has reversed a lower court's grant of summary judgment to a former director of Fidelity National Financial Inc. who was accused of trading on insider information about the acquisition of LendingTree Inc.

In a ruling handed down on Monday, the U.S. Court of Appeals for the Ninth Circuit vacated and remanded an earlier ruling by the U.S. District Court for the Central District of California that granted a motion for summary judgment filed...
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