Kenneth E. Scott, John M. Olin Program in Law and Economics, John M. Olin Program in Law and Economics (Stanford University)
John M. Olin Program in Law and Economics, Stanford Law School, 1996 - Business & Economics - 27 pages
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138 October 1996 INSIDER TRADING abstain actual transaction adopted asymmetric information buy or sell cause of action Congress corporate disclosure cost create a private Criminal sanctions defendant defendant's directors disclose disgorgement Economics Stanford Law economists effect enforcement mechanism excess returns fair game federal courts fiduciary duty Gulf Sulphur decision impact information advantage information content informed market inside information insider trading law insider trading regulation insider's Law and Economics liability loss avoided market price material fact measure of damages misrepresentations non-disclosure nonpublic information October 1996 JOHN Olin Program opposing trader party plaintiffs private lawsuit private right profit Program in Law prohibited public traders purchase or sale right of action rule sale of securities Scott Working Paper Securities Exchange securities markets Seyhun shareholders short-swing significant Stanford Law School stock market stock price stockholders studies have found Texas Gulf Sulphur tippees TRADING by Kenneth trading market violation