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...said-she said. But even if the SEC's version of events holds up in court, there is still a chance that the case could keep going. Stephen Bainbridge, a law professor at UCLA who has followed insider trading law for two decades and written a book on the topic, points out that the case law around whether or not a contract of confidentiality suffices for illegal insider trading "is not as clear as one would like." Some court findings, he says, suggest that it's not enough for two parties to merely agree to keep information confidential - they must...
...popular perception of illegal insider trading may be clear-cut - say, a pharmaceutical executive selling stock right before the FDA fails to approve a new drug - the law is substantially less black and white. In 1934 Congress passed the Securities Exchange Act but didn't specifically address the topic of insider trading; it was only in the 1960s that the SEC began to bring cases under the law's antifraud statutes. Toward the end of that decade, courts codified the SEC's actions in case law, locking down the idea that everyone in the marketplace should get roughly equal access...
...Comic-Con in San Diego, where, for once, shrieking fangirls outdid hooting fanboys in the audience - in number, ardor and decibel level. In recent weeks, the studio sent Twilight's 22-year-old British star Robert Pattinson on a tour of appearances at the mall-based clothing store Hot Topic, where he was greeted by Beatlemania-caliber crowds. Pattinson's San Francisco appearance was canceled after a crush of fans left one girl with a broken nose...
...Master ten years ago, he has offered weekly “Life Seminars” to Adams House students and affiliates, ranging from the practical (such as basic plumbing), to the indulgent (such as wine tasting), to the cerebral (such as an introduction to Italian opera). Depending on the topic and the time of year, anywhere from three to 30 people come to take advantage of these unique learning experiences. One popular seminar is led by Bernard I. Mwangi, the night security guard at Adams, who annually teaches students about how to file tax returns. Mwangi says...
...dictate lesson plans or exclude controversial materials like Huck Finn from reading lists. In 1887, nearly 10,000 teachers from across the country met in Chicago for the first-ever conference of the National Educator's Association, now one of the country's most powerful teachers' unions. The topic of "teacher's tenure" led the agenda. By the turn of the century, tenure had become a hot-button issue that some politicians preferred to avoid. In 1900, the Democratic Party of New York blasted their rivals in the Times for taking up the issue, writing, "We deprecate the tendency manifested...