Publications Memos Go Back SEC Rule 10b5-1 and Insider Trading Liability 10.17.00 This memorandum summarizes the SEC's recently enacted Rule 10b-5 and sets forth the criteria that must be followed to establish the new affirmative defenses under the rule. Related Insights 10.01.26 | Publications First Circuit: Reverses Dismissal, Concluding Optimistic Opinion Could Have Been Materially Misleading 06.12.26 | Publications U.S. Supreme Court Rules That There Is No Implied Private Right of Action to Rescind Contracts That Allegedly Violate the Investment Company Act 06.05.26 | Publications Fourth Circuit: ERISA § 502(a)(2) Claims in the Context of a Defined Contribution Plan Cannot Be Joined in a Rule 23(b)(1) Mandatory Class Related Services Related Practice Areas Banking and Credit Corporate Litigation Capital Markets Asset Management M&A Securities Litigation Debt Acquisition Finance Complex Commercial Litigation