Elkind v. Liggett & Myers, Inc. (1980) Overview | LSData Case Brief Video Summary скачать в хорошем качестве

Elkind v. Liggett & Myers, Inc. (1980) Overview | LSData Case Brief Video Summary

Liggett & Myers, Inc. were sued in a class action lawsuit for allegedly giving inside information to certain individuals who then sold Liggett shares on the open market. The court found that Liggett's officers disclosed material inside information to individual financial analysts on July 10 and 17, 1972, leading to the sale of Liggett stock by investors to whom this information was conveyed. The court calculated damages and awarded $740,000, with any unclaimed portion going back to Liggett. The most relevant facts for the court's analysis were whether the tips were material and made with scienter, and the calculation of damages for insider trading. Elkind v. Liggett & Myers, Inc. (1980) United States Court of Appeals for the Second Circuit 635 F.2d 156 Learn more about this case at https://www.lsd.law/briefs/view/elkin... --- Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite. Check out all of our case briefs: https://www.lsd.law/briefs Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text. Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_c...