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United States Leading Case uncategorised

Dirks v SEC

463 U.S. 646 (1983)
JurisdictionUnited States
CourtUS Supreme Court
Year1983
StatusBinding authority

Summary

A tippee incurs insider trading liability only if the tipper received a personal benefit from disclosure and the tippee knew of that breach of duty.

Key Principle

tippee liability; tipper must receive personal benefit; tippee must know of breach

Area of Law

securities

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