Stay updated with breaking news from Benjamin Chow. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
The Second Circuit recently affirmed the insider trading conviction of Benjamin Chow, a corporate outsider who was found guilty of tipping off his former colleague about a potential acquisition of a US publicly traded company. The Second Circuit has once again addressed the issue of whether the breach of a duty of confidentiality created by a non-disclosure agreement can form the basis for insider trading liability. This is a cautionary tale for corporate outsiders of the potential liability that they could face.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
In United States v. Chow, the Second Circuit ( Kearse, Carney, Bianco), affirmed the defendant’s 2018 conviction for insider trading (among other offenses). The case arose out of a failed 2016 merger spearheaded by Defendant Benjamin Chow, who passed along key details regarding merger negotiations to a business associate, who then traded based on this information. The Court reiterated its rule, recently expressed in its 2020 Kosinski decision, that corporate outsiders assume a fiduciary duty to a corporation when they sign a confidentiality agreement. Background Defendant Benjamin C...
Office, retail investment sinks in 2020 as pandemic hobbles demand We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The volume of commercial real estate deals during the global pandemic was cut in half as investors were locked down and unwilling to unleash cash into the hard-hit office and retail sectors. In the inaugural Australia Capital Trends report from Real Capital Analytics, it shows transactions tumbled to the lowest levels of activity in eight years as the pandemic threw up hurdles to transacting deals. The coronavi...