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Icahn Investigation Highlights Gray Area Of Securities Law

By Kaitlyn Kiernan ( June 3, 2014, 6:43 PM EDT) -- Activist private equity and hedge fund investors who take large stakes in companies to put pressure on management can provoke big stock swings with a simple holdings disclosure or a tweet, but since those managers aren't insiders, they fall into a gray area for securities suits under U. S. insider trading laws as highlighted by recent scrutiny of Carl Icahn and Bill Ackman. . . .

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