United States

Salman v United States

580 US 39 (2016)

JurisdictionUnited States

Year2016

Statusunclear

Key Principle

Insider trading liability under the gift theory does not require proof of a pecuniary benefit to the tipper; a gift of confidential information to a trading relative or friend suffices (Justice Alito).

Area of Law

corporate

Related Cases

ASIC v Cassimatis (No 8) (2016) 336 ALR 209

Tornetta v Musk C.A. No. 2018-0408-KSJM (Del. Ch. 2024)

Slack Technologies LLC v Pirani 598 U.S. 759 (2023)

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