Legal Opinion
Securities & Exchange Commission v. Payton
District Court, S.D. New York
Decided December 28, 2015No. 14 Civ. 4644PublishedCited by 1 opinion
1Opinion of the Court
OPINION
JED S. RAKOFF, UNITED STATES DISTRICT JUDGE.
On September 10, 2015, this Court denied the motion for summary judgment filed by defendants Daryl M. Payton and Benjamin Durant, III in the insider trading lawsuit that plaintiff Securities and Exchange Commission (SEC) has brought against them. See Order dated Sept. 10, 2015, Dkt. 71. This Opinion sets out the reasons for the Court’s denial of summary judgment.
By way of background, it is undisputed that the ultimate source of the inside information here pertinent was Michael Dallas, an attorney at Cravath, Swaine & Moore LLP in New York,…
2Cases cited9 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- United States v. O'HaganSupreme Court of the United States · 1997
- Dirks v. Securities & Exchange CommissionSupreme Court of the United States · 1983
- Securities & Exchange Commission v. ObusCourt of Appeals for the Second Circuit · 2012
- United States v. Newman and ChiassonCourt of Appeals for the Second Circuit · 2014
4 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Securities & Exchange Commission v. PaytonDistrict Court, S.D. New York · 2016