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United States insider tradingfiduciary duty

Chiarella v United States

445 U.S. 222 (1980)
JurisdictionUnited States
CourtSupreme Court of the United States
Year1980
StatusBinding authority

Key Principle

insider trading requires breach of duty; mere possession of MNPI insufficient without fiduciary relationship

Area of Law

securities

Related Cases

SEC v Terraform Labs Pte Ltd No. 23-cv-01346 (S.D.N.Y. 2024)
Slack Technologies, LLC v. Pirani 598 U.S. 759 (2023)
Goldman Sachs Group Inc v Arkansas Teacher Retirement System 594 U.S. 113 (2021)

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