News and Insights
Understanding Insider Trading as Breach of Duty of Loyalty
PublicationJanuary 20, 2016New York Law Journal
LSW partner John S. Siffert and associate Michael Herman published “Understanding Insider Trading as Breach of Duty of Loyalty” in the New York Law Journal. The article argues that the crime of insider trading is properly understood as a breach of a fiduciary duty and that the courts have failed to articulate precisely the nature of the fiduciary duty that must be breached before there can be a violation of Title 15.