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Bharara Task Force on Insider Trading Issues Its Report

Executive Summary

For too long, insider trading law has lacked clarity, generated confusion, and failed to keep up with the times.  Without a statute specifically directed at insider trading, the law has developed through a series of fact-specific court decisions …

Leaks and Takeovers

When firms are takeover targets, they often experience a rise – or run-up – in the price of their stock even before the takeover is publicly announced. The common wisdom about run-ups is that information about the impending takeover is …