Definition

Controversial Insider Trading Verdict Raises Concerns About Vague Legal Definition

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San Francisco, CA – The recent insider trading case against Matthew Panuwat has sparked a debate over the definition and prosecution of insider trading in the United States. The U.S. Securities and Exchange Commission (SEC) celebrated a jury verdict in favor of the prosecution, asserting that it was a clear case of insider trading. However, critics argue that the SEC’s theory of shadow trading is novel and not explicitly outlined in the federal statutes that govern insider trading. According to the SEC, Panuwat used confidential information about an impending acquisition of biopharmaceutical company Medivation, Inc., … Read more

Federal Judge Blocks National Labor Relations Board’s Expansion of Joint Employment Definition, Protecting Franchisor-Franchisee Relationships

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Houston, Texas – A federal judge in Texas has temporarily blocked the National Labor Relations Board (NLRB) from implementing a new rule that would expand the definition of joint employment. The ruling comes one day before the rule was set to take effect. The regulation, which aimed to increase franchisors’ responsibility for labor violations committed by their franchisees and require both entities to negotiate with employee unions, was challenged in court by a coalition of business groups including the U.S. Chamber of Commerce, the International Franchise Association, the Restaurant Law Center, and the Texas Restaurant … Read more

Colorado Task Force Calls for Reforming Definition of Criminal Child Abuse and Neglect to Protect Vulnerable Children

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DENVER, Colorado – A task force in Colorado is calling for changes in the state’s definition of criminal child abuse and neglect as part of its efforts to reform mandatory reporting laws. In a recent 12-page report, the task force members argued that the current definition is too broad and fails to distinguish between circumstances such as poverty or homelessness and actual instances of neglect and abuse. The task force, established in 2022 following an investigation into the death of 7-year-old Olivia Gant, plans to spend 11 hours in January and February of this year … Read more