On October 16, 2009, the
Securities and Exchange Commission (SEC) instituted a civil injunctive action
in the United States District Court for the Southern District of New York
charging Raj Rajaratnam and his hedge fund advisory firm Galleon Management LP
with perpetrating a massive insider trading...
Kirby v. Sokol, et al., Del.
Ch. No. 6392, is the caption of a lawsuit filed earlier this week in the
Delaware Court of Chancery which arises out of the recent resignation of the
heir apparent to the Oracle of Omaha, Warren Buffett, based on widely-reported
allegations in the mainstream press and...
What a difference a week makes.
In the space of only seven days, the Securities and Exchange Commission charged Steven Cohen, owner of hedge fund S.A.C. Capital Advisors, with “failing to supervise two senior employees and prevent them from insider trading under his watch,” and the Department...
insider trading securities
Silverberg v. Gold , C.A. No. 7646-VCP (Del. Ch., Dec. 31, 2013) [ an enhanced version of this opinion is available to lexis.com subscribers ].
Issue addressed : This Chancery opinion addressed a state law insider trading claim, called a Brophy claim in Delaware. This is the second time in as many...