United States Second Circuit
Securities and Exchange Commission v. Obus, 10-4749
In the SEC's suit against defendants for insider trading in violation of section 10(b) and Rule 10b-5 under both the classical and the misappropriation theories of insider trading, district court's grant of summary judgment in favor of the defendants is vacated and remanded, as the SEC's evidence created genuine issues of material fact as to each defendant's liability under the misappropriation theory.
Appellate Information
- Decided 09/06/2012
- Published 09/06/2012
Judges
- Walker
Court
- United States Second Circuit