Last week, the Second Circuit upheld a criminal conviction for insider trading, holding that signing a Non-Disclosure Agreement (NDA) with a target company created a sufficient duty of trust and confidence to support a conviction. The defendant in United States v. Chow, an executive at a foreign private equity firm, was convicted for tipping a business acquaintance with material non-public information about an impending acquisition, and is a reminder of heightened MNPI risks that arise that once an NDA is signed.

Read the full post on Proskauer’s Corporate Defense and Disputes blog.