Jon R. Grabowski and Michael A. Sabino discuss the recently handed down Second and Ninth Circuit decisions addressing insider trading liability. Both courts discussed the government’s evidentiary burden in the context of the misappropriation theory, as well as clarifying the “personal benefit” analysis as laid out in the Supreme Court’s Dirks v. S.E.C. decision.
Read more here: Newman and Salman: New Boundaries Set on Insider Trading
