Law Schedule of Classes

NOTE: Course offerings change. Classes offered this semester may not be offered in future semesters.


251.4 sec. 001 - Insider Trading (Fall 2019)

Instructor: Peter Henning  
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Units: 1

Meetings:

    Th 6:25 PM - 9:05 PM
    Location: Law 170
    On 2019-11-21

    F 10:00 AM - 12:00 PM
    Location: Law 170
    On 2019-11-22

    F 3:10 PM - 6:10 PM
    Location: Law 170
    On 2019-11-22

    Sa 09:00 AM - 12:00 PM
    Location: Law 170
    On 2019-11-23

    Sa 1:30 PM - 4:10 PM
    Location: Law 170
    On 2019-11-23

Course Start: November 21, 2019
Course End: November 23, 2019
Class Number: 32450

Enrollment info:
Enrolled: 16
Waitlisted: 0
Enroll Limit: 45
As of: 04/07 11:14 PM


This course covers the historical development and current application of the law of insider trading in securities. As a form of fraud, the analysis of insider trading focuses primarily on issues related to a breach of a fiduciary duty or other duty of trust and confidence, intangible harm to the source of the information, and when tipping is involved a benefit (quid pro quo) from the tippee to the tipper. The law has grown almost entirely through judicial decisions and rules adopted by the Securities and Exchange Commission. This course will cover how the courts have created the violation, how it is pursued in both criminal and civil proceedings, and recent developments in the Supreme Court and Second Circuit, the primary venue for insider trading cases. There will be sessions with guest lecturers about how a case is developed and the role of a defense lawyer in defending in an investigation and prosecution. Primary source materials, including trading records, will provide examples of how the government investigates and proves a violation. Students will draft a complaint alleging an insider trading violation.

This course will meet:
Thursday, October 10, from 6:25 to 9:05 p.m.
Friday, October 11, from 10:00-12:00pm and 3:10-6:10pm
Saturday, October 12, from 9:00-12:00 and 1:30-4:10pm

I am a Professor of Law at Wayne State University Law School in Detroit, Michigan. Before I started teaching, I was an attorney in the Enforcement Division of the U.S. Securities and Exchange Commission for four years during which I was involved in investigations of domestic and international insider trading, and then I was a federal prosecutor in the Fraud Section of the Criminal Division in the U.S. Department of Justice. I have written extensively on insider trading and securities fraud, including co-authorship of the Securities Crimes treatise that is available on Westlaw.


Attendance at the first class is mandatory for all currently enrolled and waitlisted students; any currently enrolled or waitlisted students who are not present on the first day of class (without prior permission of the instructor) will be dropped. The instructor will continue to take attendance throughout the add/drop period and anyone who moves off the waitlist into the class must continue to attend in order not to be dropped.


Prerequisites:
No prerequisites.

Exam Notes: (TH) Take-home examination
This is a credit only course
Course Category: Business Law

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Readers:
No reader.

Books:
Instructor has indicated that no books will be assigned.

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