Welcome to Season 2 of Classroom Insiders, a podcast with Professor Karen Woody and her Insider Trading Seminar students from Washington and Lee University. They explore the arc and evolution of insider trading over the last century. Each episode will feature a discussion between Karen Woody and students about insider trading and regulation. Find out what the future lawyers of the university think about past and current legislation and learn more about this fascinating area of law.
In this episode of Classroom Insiders, Professor Karen Woody and law students Alex Hudson and Alon Gokovski review the insider trading case of United States v. Chow. And its impact on the Personal Benefit Test. Their discussion sheds light on the sensational facts of this case, including secret code words, live lobsters, and jars of honey, all used in a complex tippers-and-tippees scheme. The episode also examines the legal intricacies of the personal benefit test and its broader implications in insider trading law. The students discuss the trial, the appeal, and the ultimate impact of this case on the interpretation of insider trading laws. Insights are shared on the US Attorney’s crackdown during this period, the discrepancies in sentencing, and where the law stands today post-United States v. Chow and subsequent cases.
Key highlights:
- Meet the Students: Alex and Alon
- Introducing the Case: United States v. Chow
- Understanding Insider Trading Law
- The Sensational Details of the Chow Case
- Trial and Sentencing of Winifred Chow
- Appeal and Legal Implications
- Final Thoughts and Broader Implications
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