United States Seventh Circuit

Presumption that defendant with insider information, who sold his shares just before the information became public and the price fell, was motivated by the information, is proper in civil insider trading cases.

Appellate Information

• Argued 11/05/2001
• Decided 01/09/2002
• Published 01/09/2002

Judges

• POSNER, Circuit Judge., Before BAUER, POSNER, and RIPPLE, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellees:
  
• Christopher Paik (argued), SEC, Office of the Gen. Counsel, Washington, DC, for Plaintiff-Appellee., Lowell E. Sachoff (argued), Sachoff & Weaver, Kathleen H. Klaus, D'Ancona & Pflaum, Chicago, IL, for Defendant-Appellant.