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 Woody is joined by law students Allison and Emilio to delve into the complexities of injunctions in SEC cases. They explore the differences between the Second and Third Circuit standards for granting preliminary injunctions, mainly focusing on the statutory injunction standard versus the traditional four-part test. Through real-world examples, such as the SEC v. David Smith case, they discuss the practical implications of these standards on asset freezes, insider trading cases, and overall SEC enforcement efficacy. The conversation also touches on the constitutional implications of pre-trial asset freezes and the potential for judicial forum shopping, making this episode a must-listen for anyone interested in securities law and corporate compliance.
Key highlights:
- Meet the Students: Allison and Emilio
- Topic Overview: Insider Trading and Injunctions
- Deep Dive: Circuit Differences in Injunction Standards
- Case Studies: SEC Actions and Asset Freezes
- Debate: Pros and Cons of Injunction Standards
- Forum Shopping and Judicial Discretion
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