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Second Circuit Review: Fiduciary Duty and 'Deceptive' Fraudulent Conduct Under Rule 10(b)
August 31, 2009 Full PDF
Litigation partners Marty Flumenbaum and Brad Karp's Second Circuit Review column appeared in the August 31 issue of the New York Law Journal. The article discusses Securities and Exchange Commission v. Dorozhko, in which the U.S. Court of Appeals for the Second Circuit addressed the question of what constitutes "deceptive" conduct under Section 10(b) of the Securities Exchange Act of 1934. With the intent to stop insider trading, the opinion broadens the scope of cases that can be brought against defendants by the SEC. Litigation associate Martin Bell assisted in the preparation of this column.