Class Action Against Hertz Fails for Lack of Scienter: In Re Hertz Global Holdings Inc.
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By David C. Franceski, Jr.

Myriad multi-year accounting errors across numerous accounting categories which resulted in significant income restatements, even when accompanied by allegations of inaccurate SOX certifications,

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Insider Trading: A Gift of Potential Jail Time: Salman v. USA
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By David C. Franceski, Jr.

A gift of confidential information from a tipper to a trading friend or relative constitutes sufficient personal benefit to the tipper to sustain a conviction of the tippee for insider trading under Section 10(b) of the 1934 Act.

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Pass It On: Insider Traders Not Too Remote to Know: SEC v. Payton
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By Pete S. Michaels

Allegations that remote tippees knew that the tipper and his direct tippee were friends and roommates is sufficient to plead that the remote tippees were aware that the tipper received a reciprocal benefit from the direct tippee in return for the tip.

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Court of Appeals Overturns Tippees’ Insider Trading Convictions: USA vs. Newman & Chiasson
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By Sarah G. Anderson

A tippee’s liability for trading on insider information requires that the tippee knew not only that the insider disclosed confidential information,

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