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2nd Circ. Affirms Defeat Of DeVry Insider-Trading Suit

By Rachel O'Brien ( May 20, 2020, 5:50 PM EDT) -- The Second Circuit on Wednesday affirmed a New York federal judge's decision that an unnamed DeVry University investor, an investment adviser and two portfolio managers are not considered a central group of "corporate insiders," a designation that a shareholder argued would allow him to reclaim funds lost in short-swing trades....

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