Latest Articles

In its highly anticipated decision in U.S. v. Newman, the U.S. Court of Appeals for the Second Circuit held on Dec. 10 that to sustain insider trading charges against a tippee who trades on material nonpublic information, the government must prove that the tippee knew that the tipper disclosed the information in breach of a duty of trust and confidence in order to receive a personal benefit. The court further explained that the benefit must be…
U.S. Securities and Exchange Commission Chairman Mary Jo White in mid-June announced an important change to the SEC’s policy of permitting parties to settle SEC securities claims without admitting wrongdoing. Chairman White’s announcement follows other remarks that further illuminate how co-directors George S. Canellos and Andrew J. Ceresney will oversee the SEC’s Enforcement Division under White’s leadership. These developments demonstrate the impact that White, Canellos, and Ceresney – who worked together during White’s tenure as…
U.S. Securities and Exchange Commission Chairman Mary Jo White last week announced an important change to the SEC’s policy of permitting parties to settle SEC securities claims without admitting wrongdoing. Chairman White’s announcement follows other remarks that further illuminate how Co-Directors George S. Canellos and Andrew J. Ceresney will oversee the SEC’s Enforcement Division under White’s leadership. These developments demonstrate the impact that White, Canellos and Ceresney — who worked together during White’s tenure as…