SCOTUS Insider Trading Decision

[KJP]

In an earlier thread that I can no longer find, the issue of whether insider trading required a breach of duty was discussed.  As several commentors mentioned, the Supreme Court had a case on its docket that involved the legal standard for determining whether a breach of duty had occurred in the context of "gifts" of inside information to friends and relatives. 

 

Two days ago, the Supreme Court decided that case.  For those interested, the decision can be found here:  https://www.supremecourt.gov/opinions/16pdf/15-628_m6ho.pdf