Legal Opinion
Securities & Exchange Commission v. Obus
Court of Appeals for the Second Circuit
Decided September 6, 2012No. Docket 10-4749-cvPublishedCited by 92 opinions
1Opinion of the Court
JOHN M. WALKER, JR., Circuit Judge:
The Securities and Exchange Commission (“SEC”) filed this civil enforcement action against defendants Nelson J. Obus, Peter F. Black, and Thomas Bradley Strickland alleging insider trading in violation of section 10(b) of the Securities Exchange Act of 1934,15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R. § 240.10b-5. The SEC alleges that Strickland learned material non-public information in the course of his employment and revealed it to Black, his friend and a hedge fund employee, and that Black in turn relayed the information to his boss, Obus, who traded on…
2Cases cited22 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
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- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Eastman Kodak Co. v. Image Technical Services, Inc.Supreme Court of the United States · 1992
- Chiarella v. United StatesSupreme Court of the United States · 1980
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3Cited by92 opinions
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