Insider Trading In 2012: Back To The Future — Part 2

Law360, New York (January 28, 2013, 12:57 PM EST) -- In part 1 of this article — published by Law360 on Jan. 25 — we discussed the degree to which a person must have used material nonpublic information in their trading.

Room for Optimism as to “Materiality” and “Nonpublic” Elements

The Second Circuit’s August 2012 decision in United States v. Contorinis addressed the sometimes complex overlap between the concepts of materiality and public disclosure in insider trading cases.[1] In doing so, the court made a series of statements that may prove useful to defendants in future...
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