Chiarella vs. U.S.

A U.S. Supreme Court case holding that an employee of a company handling takeover bids who infers the names of the target companies using nonpublic information and buys or sells stock in them has not violated insider trading law. However, the employee may not reveal to anyone the names of the target companies. The case was decided in 1980.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.