Federal Employees Seek Extension of STOCK Act Deadline

Law360, New York (August 28, 2012, 4:04 PM EDT) -- A group of federal employees on Monday asked a Maryland federal judge to postpone enforcement of a purportedly intrusive new insider trading bill requiring thousands of U.S. officials to publicly disclose information about their financial transactions, saying Congress may amend the legislation by next month.

In a motion for temporary preliminary injunction Monday, the group asked the court to delay disclosure requirements of the Stop Trading on Congressional Knowledge Act, or STOCK Act, until Oct. 31, since Congress has indicated that it may limit some disclosure...
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