An Introduction to the Law of Corporations: Cases and Materials

Resource 6 . 2 . 3 . 2

15 minutes

SEC. v. Switzer

Brian JM Quinn

Not all tippees will be subject to liability for trading on a corporation’s material, confidential inside information. In the case that follows, the court tests the limits of liability for tippees when the source has not violated their fiduciary duty when disclosing the information.

United States District Court for the Western District of Oklahoma

590 F. Supp. 756

Civ. A. No. Civ-83-225-Sf

1984-07-02

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