Insider

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

Former Biopharmaceutical Executive Found Liable for ‘Shadow Trading’ in Landmark Insider Trading Case

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SAN FRANCISCO (AP) — A former biopharmaceutical executive was found liable for “shadow trading,” an insider trading theory, by a federal jury in San Francisco on Friday. The jury’s decision rejected the defense’s claim that the case was constructed by the U.S. Securities and Exchange Commission (SEC) without evidence of the motives behind the trades. This verdict could have significant implications for insider trading regulations. Matthew Panuwat, the defendant, was accused by the SEC of having confidential information about his employer, Medivation Inc., and trading in the securities of Incyte Corp., a closely related company. … Read more

High-Stakes Bet: Biotech Executive Found Guilty of Insider Trading in Shocking Turn of Events

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SAN FRANCISCO (AP) — A biotech executive, who was found guilty of insider trading by a jury, had allegedly made significant investments in a competitor’s stock. The verdict was announced following a trial that took place in San Francisco, California. This case highlighted the consequences of illicit financial activities among executives and the impact it can have on the integrity of the stock market. The unidentified executive was accused of using confidential information to trade shares of a rival company, resulting in unfair gains. The individual’s actions were uncovered during an investigation by the Securities … Read more

Why a Server Claims Unfair Termination: Lawyer Offers Insider Perspective on Shocking Employment Case

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Albany, New York – A server at a local restaurant has claimed that she was fired for refusing to get vaccinated against Covid-19. The employee, whose identity has not been disclosed, alleges that she was let go for personal beliefs, citing religious and medical grounds as her reasons for not wanting to receive the vaccine. The restaurant owner, however, maintains that the termination was a result of the server’s unwillingness to comply with the establishment’s Covid-19 safety protocols. The server’s lawyer has come forward to shed light on the situation, providing an explanation for his … Read more