The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 18 May 2026 13:57:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Scope of Insider-Trading “Tippee” Liability – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Scope of Insider-Trading “Tippee” Liability https://corpgov.law.harvard.edu/2016/01/22/scope-of-insider-trading-tippee-liability/?utm_source=rss&utm_medium=rss&utm_campaign=scope-of-insider-trading-tippee-liability https://corpgov.law.harvard.edu/2016/01/22/scope-of-insider-trading-tippee-liability/#comments Fri, 22 Jan 2016 14:13:55 +0000 https://corpgov.law.harvard.edu/?p=72363?d=20160122091355EST Posted by John F. Savarese, Wachtell, Lipton, Rosen & Katz, on Friday, January 22, 2016
Editor's Note:

John F. Savarese is a partner in the Litigation Department of Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Savarese and George T. Conway III.

In an insider-trading case that will be closely watched until it is decided before the end of June, the U.S. Supreme Court granted certiorari yesterday to decide critical open questions about what is required to establish insider trading by a remote “tippee”—specifically, what kind of personal benefit must a “tipper” receive, and what knowledge of that benefit must the “tippee” have, for a conviction or sanction to stand.

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