Michael Charlson

Jul 2, 2024 | jdsupra.com | Marisa Antonelli |Michael Charlson |Bess Greenberg

In a pair of orders issued this month, the U.S. Supreme Court signaled plans to provide further guidance in its upcoming Fall term concerning application of the heightened standard for pleading securities fraud claims mandated by the Private Securities Litigation Reform Act of 1995 (“PSLRA”).

Apr 16, 2024 | jdsupra.com | Marisa Antonelli |Michael Charlson |Rebecca Fike

The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory. The jury’s verdict, as well as increased SEC enforcement under this theory, requires a re-examination of trading behavior and policies when one learns material nonpublic information about another company in the course of employment.