SEC Denied Quick Win In Sales Data Insider Trading Suit

Law360, New York (November 17, 2015, 3:37 PM EST) -- A Pennsylvania federal judge refused to hand the U.S. Securities and Exchange Commission a quick win in a suit accusing two former Capital One employees of stock fraud, ruling it was unclear whether transaction data they allegedly gathered from retailers was actually material.

U.S. District Judge Mark A. Kearney on Monday denied the SEC’s motion for summary judgment, finding it was better left to a jury to decide whether information allegedly gathered by former Capital One Financial Corp. fraud analysts Bonan Huang and Nan Huang, consisting...
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Case Title

SECURITIES AND EXCHANGE COMMISSION v. HUANG et al


Case Number

2:15-cv-00269

Court

Pennsylvania Eastern

Nature of Suit

Other Statutes: Securities/Commodities

Judge

MARK A. KEARNEY

Date Filed

January 21, 2015

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