Securities

Recent Posts

This Week In Securities Litigation (Week ending October 5, 2012)
Posted on 10 Oct 2012 by Thomas O. Gorman

The President's new market crisis task force brought its first action this week. It named as a defendant Bear Stearns which has been acquired by JP Morgan. The New York AG, co-chair of the task force announced in the state of the union address earlier... Read More

This Week In Securities Litigation (Week ending September 21, 2012)
Posted on 24 Sep 2012 by Thomas O. Gorman

The New York Stock Exchange settled a proceeding this week which alleged that it provided trading information to select proprietary clients prior to releasing it to the public over the last four year. The Commission also filed insider trading actions... Read More

Two Former Capital One Employees Who Traded On Customer Data Consent to Preliminary Injunction
Posted on 12 Mar 2015 by Thomas O. Gorman

Insider trading cases are built on two basic theories. Under the traditional, classic model, a corporate insider uses material, non-public information obtained from his or her employer to trade in shares of the company – inside information is used... Read More

THIS WEEK IN SECURITIES LITIGATION (Week ending June 1, 2012)
Posted on 5 Jun 2012 by Thomas O. Gorman

SEC enforcement this holiday shortened week dismissed the remaining defendants in an insider trading case centered on an international take over which had been filed largely on the trading and within days of the announcement. The Court cited discovery... Read More

Personal Benefit Test Does Not Apply to Misappropriation Theory of Insider Trading — USAO
Posted on 21 Jan 2015 by Thomas O. Gorman

In U.S. v. Newman, Nos. 13-1837-cr, 13-1917, 2014 U.S. App. LEXIS 23190 (2 nd Cir. Decided Dec. 10, 2014) the Second Circuit handed prosecutors perhaps the only defeat they have suffered in recent years in an insider trading cases [ an enhanced version... Read More