Forbes / DPK in the News

December 11, 2014

Court Delivers Crushing Blow To Government's Insider-Trading Theory

 

"The decision is a 'brushback pitch' aimed at federal prosecutors who have been aggressively expanding the boundaries of insider-trading liability, said Thomas Dewey, a partner with Dewey Pegno & Kramarsky who has defended insider-trading suspects.

 

'It’s a tremendously significant decision, both on the law and in some of the comments the court made,' Dewey said. It makes it very clear the government has to show the tipper got a personal benefit from disclosing information, and that the tippee knew it.'"

 

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