Chapter VII : Paradise Regained: The Supreme Court Approves the Misappropriation Theory

This book traces the origin of the distinctly American insider trading prohibition, while also detailing the eye-catching recoveries thereunder. Relevant administrative decisions, Congressional inaction, and judicial innovations are all analyzed. Oral arguments, policy speeches, and, of course, a large number of federal court decisions are studied and excerpted towards the goal of explaining how Rule 10b-5 grew from an effort to cabin excesses to a key governmental means of recovering them