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The Personal Benefit Test in Misappropriation Cases

Is the benefit test a separate element of liability or an aspect of another element, like breach of duty or scienter? And what counts as a sufficient "benefit"?

10 minute read February 27, 2012 at 11:00 AM
By
Jodi Misher Peikin And James R. Stovall
The Personal Benefit Test in Misappropriation Cases

Like many aspects of insider trading law, the personal benefit test is deceptively straightforward.

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