Insider

Hedge Fund Defends $11M Stock Gains in Court, Cites Legal Exemption on Insider Trading Rules

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Denver, CO — In recent courtroom proceedings, a hedge fund defended its $11 million profit garnered through transactions involving the stock of a biopharmaceutical company. The defense argued that these earnings were legitimately obtained under a legal exemption related to insider trading laws. The case unfolded in a Denver federal courtroom where the hedge fund’s representatives contended that their short-swing stock trades did not constitute a violation due to specific exceptions within the securities regulations. This matter has drawn attention as it could set a precedent concerning the application of insider trading laws to similar … Read more

Insider Confesses: The ‘Deep State’ Is Here to Stay, Despite Controversy

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Washington D.C. — Inside Washington’s corridors of power, whispers of a so-called ‘deep state’ persist, painting a picture of a covert group bent on undermining the president. However, extensive inquiries and interviews with numerous government officials reveal quite a different story. These officials, who come from various levels of the federal bureaucracy, vehemently deny the existence of a ‘deep state.’ Instead, they describe a dedicated workforce committed to upholding the Constitution and executing the legally defined duties of their roles. The term ‘deep state’ emerged prominently during the presidency but refers loosely to an idea … Read more

Legal Powerhouse Boies Schiller Flexner Bolsters Ranks with Return of White Collar Expert Peter Skinner and Addition of Former Government Insider Andrew Smith

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New York, NY — Boies Schiller Flexner, a prominent litigation firm, welcomed the return of Peter Skinner, former Assistant United States Attorney in the Southern District of New York, and introduced new partner Andrew Smith, a past commodities trader, to its expanding team. Skinner, who originally helped establish the firm’s White Collar team in 2015, rejoins as the co-leader of investigations and white collar criminal defense. His extensive legal experience is complemented by his previous key role in the firm’s global investigations and white collar defense practice. Following a year away, Skinner’s return is seen … Read more

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