Fed. Sec. L. Rep. P 97,148 Securities and Exchange Commission v. Monarch Fund, Aspen Fund II and Bruce B. Paul

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that generalized information from insider about upcoming financing that was consistent with market rumors was not material nonpublic information
• distinguishing ʺtippee who knows or ought to know that he is trading on inside informationʺ from ʺoutsider who has no reason to know he is trading on the basis of such knowledgeʺ
• “Because of their positions, insiders know when they have the kind of knowledge that is likely to affect the value of stock.”
• “All reasonable investors seek to obtain as much information as they can before purchasing or selling a security.”

Source: CourtListener parenthetical corpus (CC0).