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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
7 / 1953 |
Essay's paper body
Now casual investors in possession of sensitive information who were not involved with the company could be held to the same standards as CEOs and directors. This theory stemmed from a 1983 case, Dirks v. SEC, but the existence of the misappropriation theory had not been truly recognized until U.S. v...
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v. O"Hagan in 1995.The case - U.S. v. O"Hagan - involved an attorney at a Minneapolis law firm. He learned that a client of his firm (Grand Met) was about to launch a takeover bid for Pillsbury, even though he wasn't directly involved in the deal. The lawyer then bought a very sizable amount of Pillsbury stock options at a price of $39...
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General points of the essay
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corporations should be held to the same standards as individuals
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