We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Dropped Herbalife Insider Case Leaves Questions Unanswered

Law360, New York (February 27, 2015, 10:41 AM EST) -- Two of the most significant insider trading developments in recent months arose in the context of the U.S. Securities and Exchange Commission’s insider trading actions against two men alleged to have traded on material nonpublic information relating to Herbalife Ltd. 

While the SEC dismissed its action against alleged “downstream tippee” Jordan Peixoto following the Second Circuit’s recent decision reversing the insider trading convictions of downstream tippees Todd Newman and Anthony Chiasson (United States v. Newman and Chiasson), the theory underlying the SEC’s enforcement action against Peixoto is interesting because it evidences the SEC’s desire to stretch the securities laws to cover...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Law Firms

Companies

Government Agencies