How They Won It: Baker Botts Clears Discovery Exec In Trading Suit

Law360, New York (September 21, 2011, 4:53 PM EDT) -- When Baker Botts LLP picked up the defense of a Discovery Communications Inc. executive accused of making more than $300,000 in short-swing trades of his company stock, attorneys Seth Taube and Frederick McGrath knew they were in uncharted territory.

No court had ever ruled on whether trades of different types of stock could be lumped together to prove a violation of a securities law aimed at deterring insider trading.

The pair decided their best shot at a win — and at clearing up what had long...
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