Apple Case Sends Warning To GCs On Insider Trading Risks
Law360 (February 14, 2019, 6:43 PM EST) -- General counsel can try to deter employees from insider trading by establishing policies, preclearance requirements and training measures, but no plan is foolproof, experts say, as seen in the accusations brought this week against a former senior attorney at Apple Inc.
Gene Daniel Levoff, the former corporate secretary and global director of corporate law at Apple who was responsible for enforcing the tech giant's insider trading compliance efforts, was charged Wednesday in New Jersey federal court with illegally trading company securities ahead of quarterly earnings announcements. The U.S. Securities and Exchange Commission also hit him with civil claims based on the...
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