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United States Leading Case anti competitive agreements

SEC v Texas Gulf Sulphur Co

401 F.2d 833 (2d Cir. 1968)
JurisdictionUnited States
CourtUS Court of Appeals, Second Circuit
Year1968
StatusBinding authority

Summary

Corporate insiders possessing material non-public information must either disclose it or abstain from trading, establishing the foundational duty in US insider trading law.

Key Principle

insider trading; duty to disclose or abstain; material non-public information about mineral discovery

Area of Law

securities

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