New Insider Trading Precedent: Time To Update Insider Trading Policy
JD Supra: Mergers
APRIL 17, 2024
Panuwat”), in which the SEC alleged shadow insider trading, in violation of the federal securities laws. Pfizer”) to trade ahead of the news for his own enrichment. The SEC’s complaint alleged that Panuwat used highly confidential information of his employer, Medivation, Inc.’s s (“Medivation”) upcoming acquisition by Pfizer Inc.
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