Supreme Court

Roberts court hands major wins to Trump, conservative movement in 2023-24 term

Roberts court hands major wins to Trump, conservative movement in 2023-24 term

Share

Former President Donald Trump loomed large over the Supreme Court’s 2023-24 term. The presumptive Republican presidential nominee for 2024 brought two cases to the justices and fared well in both; Trump could also benefit from the decision in a third case, brought by a defendant charged in the Jan. 6 attacks on the U.S. Capitol.

But more broadly, the three justices that Trump nominated during his time in office cemented a 6-3 conservative majority that pushed the court further … Read the rest

Civil Law

SEC Wins Insider-Trading Suit Alleging “Shadow Trading”

A federal jury in California agreed with the SEC that a corporate official engaged in insider trading when he purchased securities of a company based on material nonpublic information (“MNPI”) about a different company. The April 5, 2024 verdict for the SEC in SEC v. Panuwat (N.D. Cal.) could embolden the SEC to pursue more claims of “shadow trading,” which involves trading the securities of a public company that is not the direct subject of the MNPI but whose stock price allegedly … Read the rest