Insider Trading

27 July 2022

Delaware Chancery Court Addresses Insider Trading Claims Under Brophy


This post continues our prior discussion of Vice Chancellor Laster’s motion to dismiss denial in Goldstein v. Denner.  “Part II” of that decision focuses on interesting – and rarely addressed – matters relating to Delaware law insider trading claims pursuant to Brophy v. Cities Service Co, 70 A.2d 5 (Del. Ch. 1949).