Masferrer v. United States

How courts have described this case

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

• collecting post- Dirks cases recognizing a \wide variety of personal benefits\ varying from the tipper and tippee being \friends from college\ to the tipper receiving \live lobsters\ from the tippee
• \[T]he personal benefit element can be met by evidence that the tipper's disclosure of inside information was intended to benefit the tippee.\
• duty of trust and confidence established by a 5 consulting contract prohibiting disclosure of confidential information
• “[T]he personal benefit element can be met by evidence that the tipper’s disclosure of inside information was intended to benefit the tippee.”
• \The tipper's intention to benefit the tippee proves a breach of fiduciary duty because it demonstrates that the tipper improperly used inside information for personal ends and thus lacked a legitimate corporate purpose.\
• “A firm’s confidential information belongs to the firm itself, and an insider entrusted with it has a fiduciary duty to use it only for firm purposes.”

Source: CourtListener parenthetical corpus (CC0).