A more responsible blogger would have covered this case well before now. But you take your bloggers as you find them, and I do think it important even two months later to address SEC v. Obus, 693 F.3d 276 (2d Cir. 2012). In that case, the U.S. Court of Appeals for the Second Circuit reversed… Continue Reading
Tag Archives: misappropriation theory
Would David Einhorn Be Liable for Insider Trading under U.S. Law?
Posted in Hedge Funds, Insider TradingAs you might have read, the U.K. Financial Services Authority last week fined David Einhorn, the founder and president of hedge fund Greenlight Capital, about $11 million for insider trading in the shares of British issuer Punch Taverns Plc. The matter was settled, so the actual facts are somewhat unclear, but you can find the… Continue Reading