Jennifer Kennedy Park, a partner at Cleary Gottlieb Steen & Hamilton, and Matthew M. Bunda and Aaron Krieger, associates with the firm, write: When does friendship become a source of securities fraud liability? According to a recent decision in the Eastern District of Pennsylvania, it happens when two friends who met through Alcoholics Anonymous talk about work and one of them trades on information learned in those conversations.
What's Discussed Here, Stays Here
New York Law Journal
December 10, 2012
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