Chat with us, powered by LiveChat Discussion - Review the summary of United States - STUDENT SOLUTION USA

Discussion
Prior to beginning work on this discussion,

Review the summary of United States v. Newman, 773 F.3d 438 (2d Cir. 2014) in Chapter 45 of the course textbook.
Review Chapter 45 of the course textbook.
Review the following scenario:

Ken Hastings is hosting a backyard cookout for some of his neighbors. One of the invitees is Steve Chen, whose wife, Judith Chen, is the CEO of New World Industries. During the cookout, Steve received a call from his wife, who is out of town on business. 
Upon returning to the barbecue after the call, Steve’s demeanor has clearly changed and he seems unusually happy. Ken and Tim Daniels listen to what Steve reports. Steve tells his neighbors that Judith was out of town working on a very important settlement, and that her efforts have paid off. 
Assume Ken Hastings (cookout host) and Tim Daniels (Ken’s tennis partner) both bought stock in New World Industries as soon as the market opened on Monday and all profited 30% after the press announcement by Mrs. Chen. Pursuant to their agreement, Tim Daniels paid Ken Hasting 5% of the profit he made on the transaction.

With regard to Judith Chen, Steve Chen, Ken Hastings and Tim Daniels, which of these parties could be considered an “insider” under rule 10(b)(5) of the Securities Act of 1934? Explain why or why not.
Which of these parties could have tipper or tippee liability in this case?
Did Judith Chen’s actions in telling her husband about the settlement breach her fiduciary duty?
Who actually obtained a personal benefit from the tip and how?

MLA, APA, HARVARD AND CHICAGO

MLA (Modern Language Association) is a citation style used in the arts and humanities. It provides guidelines for formatting papers, including the use of in-text citations and a Works Cited page.
APA (American Psychological Association) is a citation style used in the social sciences. It provides guidelines for formatting papers, including the use of in-text citations and a Reference page, as well as specific rules for headings and margins.
Harvard is a citation style used in the humanities, social sciences, and natural sciences. It is widely used in the UK and other countries and is similar to the MLA format. It provides guidelines for formatting papers, including the use of in-text citations and a References page.
Chicago is a citation style used in the arts, humanities, and social sciences. It is also known as “Turabian” after its manual of style. It provides guidelines for formatting papers, including the use of in-text citations, footnotes, and a Bibliography page. It also provides guidelines for formatting different types of sources, such as books, journal articles, and online sources.

Each citation style has its own set of rules and guidelines, and it is important for students to use the correct citation style for their field of study. Failure to follow the correct citation style can result in a loss of points on an assignment or a lower grade overall.

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