SDSU Business Law Pursuing Insider Trading Cases Discussion
Question Description
I’m working on a business law discussion question and need the explanation and answer to help me learn.
Having Trouble Meeting Your Deadline?
Get your assignment on SDSU Business Law Pursuing Insider Trading Cases Discussion completed on time. avoid delay and – ORDER NOW
- Review the summary of United States v. Newman, 773 F.3d 438 (2d Cir. 2014) in Chapter 45
- Review Chapter 45
- Review the following scenario.
Ken Hastings is hosting a backyard cookout for some of his neighbors. One of the invitees is Steve Chen, whose wife, Judith Chen, is the CEO of New World Industries. During the cookout, Steve received a call from his wife, who is out of town on business.
Upon returning to the barbecue after the call, Steve’s demeanor has clearly changed and he seems unusually happy. Ken and Tim Daniels listen to what Steve reports. Steve tells his neighbors that Judith was out of town working on a very important settlement, and that her efforts have paid off.
Assume Ken Hastings (cookout host) and Tim Daniels (Ken’s tennis partner) both bought stock in New World Industries as soon as the market opened on Monday and all profited 30% after the press announcement by Mrs. Chen. Pursuant to their agreement, Tim Daniels paid Ken Hasting 5% of the profit he made on the transaction.
- With regard to Judith Chen, Steve Chen, Ken Hastings and Tim Daniels, which of these parties could be considered an “insider” under rule 10(b)(5) of the Securities Act of 1934? Explain why or why not.
- Which of these parties could have tipper or tippee liability in this case?
- Did Judith Chen’s actions in telling her husband about the settlement breach her fiduciary duty?
- Who actually obtained a personal benefit from the tip and how?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.