U.S. Supreme Court,
Securities,
Government,
Administrative/Regulatory
Oct. 6, 2016
Justices to weigh tippee liability
After a long hiatus, insider trading will return to the U.S. Supreme Court on Wednesday.
Thomas A. Zaccaro
Senior Counsel
Hueston Hennigan LLP
Phone: (213) 788-4039
Email: tzaccaro@hueston.com
Boston College Law School
Thomas is a partner in the firm's Litigation Department. He served as regional trial counsel in the SEC's Los Angeles office.
Nicolas Morgan
Partner
Paul Hastings LLP
Phone: (213) 683-6181
Email: nicolasmorgan@paulhastings.com
Nicolas is a partner in the firm's Litigation Department. He served as senior trial counsel in the SEC's Los Angeles office.
Sam S. Puathasnanon
515 S Flower St Fl 25
Los Angeles , California 90071
Loyola Law School
Sam Puathasnanon is former trial counsel in the SEC’s Los Angeles office. He is of counsel in the Litigation Department of Paul Hastings LLP.
On Wednesday, the U.S. Supreme Court will hear argument in Salman v. United States, one of the most important insider trading cases before the court in decades. In Salman, the court is expected to address the scope of "tippee liability," which arises when a corporate insider tips material, non-public information to a third party, who then trades on that information. In those cases, among other things, the government must prove that the tipper received a "personal benefit"...
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