Legal Opinion
Securities & Exchange Commission v. Yang
Court of Appeals for the Seventh Circuit
Decided July 28, 2015No. 14-2636PublishedCited by 38 opinions
1Opinion of the Court
WOOD, Chief Judge.
Just before investing in Zhongpin (a Chinese company) on behalf of Prestige Trade Investments, Siming Yang purchased both shares and option contracts for Zhongpin’s stock for his personal use. Taking the position that this was deceptive “front-running,” the U.S. Securities and Exchange Commission (SEC) instituted this civil suit against Yang. The jury found that Yang had violated the law both by front-running and by filing a fraudulent disclosure form. As relief, the district court imposed a $150,000 civil penalty and issued a permanent injunction barring Yang from future…
2Cases cited18 opinions
- Arbaugh v. Y & H Corp.Supreme Court of the United States · 2006
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Cone v. West Virginia Pulp & Paper Co.Supreme Court of the United States · 1947
- Unitherm Food Systems, Inc. v. Swift-Eckrich, Inc.Supreme Court of the United States · 2006
- Sherwin S. Stern v. United States Gypsum, Inc.Court of Appeals for the Seventh Circuit · 1977
13 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Delores Henry v. Melody HulettCourt of Appeals for the Seventh Circuit · 2020
- Martina Beverly v. Abbott Laboratories, IncorporaCourt of Appeals for the Seventh Circuit · 2016
- Packer v. Trustees of Indiana University School of MedicineCourt of Appeals for the Seventh Circuit · 2015
- Alfred Bourgeois v. T.J. WatsonCourt of Appeals for the Seventh Circuit · 2020
- Appvion, Inc. Retirement Savings and Employee Stoc v. Douglas ButhCourt of Appeals for the Seventh Circuit · 2024
33 more not listed; retrieve them via the Exa API.