2nd Circ. Affirms Toss Of Facebook IPO Insider Trading Suit

By John Kennedy ( November 3, 2016, 6:34 PM EDT) -- The Second Circuit on Thursday affirmed a New York federal judge's dismissal of an insider trading suit against Goldman Sachs, JPMorgan Chase and Morgan Stanley over Facebook's initial public offering, saying the Securities Exchange Act doesn't require the banks to disgorge certain profits connected to the IPO....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!