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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Case Information

Case Title

Senior Executives Association et al v. United States of America et al


Case Number

8:12-cv-02297

Court

Maryland

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Judge

Alexander Williams, Jr

Date Filed

August 2, 2012

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