Kevin M. Hart, Shareholder in Stark & Stark’s Litigation Group, was quoted in the November 24, 2010 New York Post article, Fed’s Insider Fight. The article discusses Manhattan US Attorney Preet Bharara’s recent initiative to stop insider trading on Wall Street. Many find Bharara’s attempt risky and somewhat controversial, as cases in the past have demonstrated that prosecuting these types of cases are increasingly difficult.
Mr. Hart states, “Technically, insider information is what you come in possession of by virtue of your position in a company.” The controversy over what constitutes insider trading is growing now that Bharara and other enforcement officials are cracking down on a number of hedge funds, bankers and consultants in what is shaping up to be an historic insider-trading investigation.
You can read the full article online here.