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In the Courts
Second Circuit: 'Tipping' Liability for Insider Trading Requires Knowledge of Tipper's Benefit
On Dec. 10, 2014, the Second Circuit Court of Appeals vacated an insider-trading conviction because the government failed to prove that the defendants knew the ultimate source of their inside information had benefited from sharing the information. United States v. Newman, et al., 2014 U.S. App. LEXIS 23190 (2d Cir. Dec. 10, 2014). In an opinion highly critical of recent insider-trading prosecutions, the Second Circuit emphasized past Supreme Court doctrine illustrating that “not every instance of financial unfairness constitutes fraudulent activity under [insider-trading laws].” Newman at *20 (quoting Chiarella v. United States, 445 U.S. 222, 232 (1980)).
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.