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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York, San Francisco and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.
March 26, 2019 Download PDF
Litigation partner Martin Flumenbaum and firm chairman Brad Karp’s latest Second Circuit Review column, “Civil Penalties for Insider Trading,” appeared in the March 25 issue of the New York Law Journal. The authors discuss the unanimous opinion in S.E.C. v. Rajaratnam, in which the Second Circuit held that the penalty available in a civil insider trading action pursuant to Section 21A of the Securities Exchange Act of 1934 is not limited to a defendant’s personal profits. The decision represents an extension of insider trading enforcement authority. Litigation associate Jason Driscoll assisted in the preparation of this article.