Verified Document

Case Analysis Of US V. O'Hagan Term Paper

U.S. v. O'Hagan case Facts

In the U.S. v. O'Hagan case, the defendant, James Herman O'Hagan, was a partner in a major Minneapolis firm, and was involved in a corporate acquisition as a representative of the acquiring corporation (Corley, et al., 2002). D allegedly used insider information to purchase stock before the details of the acquisition were made public.

History discovered in 1988 that Grand Met PLC, one of his clients, planned to acquire Pillsbury Company (Corley, et al.). D purchased Pillsbury stock and options to acquire Pillsbury stock. D made four million dollars when the acquisition was announced.

D's actions caught the attention of the plaintiff, the Securities Exchange Commission (SEC) and the local U.S. attorney. D was convicted of 57...

Court of Appeals overturned the decision, stating that Rule 10b-5 did not reach the use of inside information by a non-insider, as long as the non-insider did not deceive a participant in the trade (Corley, et al.).
In addition, it ruled that, because there was no breach of fiduciary duty by the defendant to the company that owned the stock or the trade participants, there was inadequate association between the misappropriation and the sale to allow the use of…

Sources used in this document:
Works Cited

Corley, R.N., Reed, O.L., Shedd, P.P., Morehead, J.W., The Legal & Regulatory Environment of Business, (2002) Irwin/McGraw-Hill.
Cite this Document:
Copy Bibliography Citation

Related Documents

Martha Stewart's Legal Troubles As
Words: 2068 Length: 6 Document Type: Research Paper

Stewart and Bacanovic were convicted. But for others there are still many questions about the case and the motivations of the prosecutors. Paul Craig Roberts (2004) believes the prosecutor criminalized Stewart's exercise of her constitutional right to declare her innocence. Claiming it constituted fraud for her to declare her innocence. Nancy Shaw (2003) offers the opinion that the prosecutors charged Stewart with lying about a crime they cannot prove she committed.

Tourism Demand
Words: 3896 Length: 12 Document Type: Essay

Tourism Demand Research & Analysis International Tourism Demand Estimation Demand Theory Switzerland Tourism Attraction Sales Cambodia Tourism Attraction Sales Tourism & Employment Suggestions Tourism Demand Tourism may be defined as, "The sum of the phenomena and relationships arising from the interaction of tourists, business suppliers, host governments and host communities in the process of attracting and hosting these tourists and other visitors," (McIntosh and Goeldner, 1990, p. 4). From the above definition, it can be seen that the development of tourism

Social Services
Words: 7714 Length: 30 Document Type: Term Paper

Social Services and Child Welfare in New Jersey The history of social services has its successes of children who as a result of child welfare intervention are removed from the grip of their abusers and find loving and nurturing homes. These are cases few and far between when one weighs them against those children who are moved from one foster care situation or group home to another. Then there are those

Halliburton Is a Multinational Corporation
Words: 3176 Length: 10 Document Type: Term Paper

Selected financial ratios for Halliburton are presented below: Ratio Short-Term Liquidity Current Ratio Acid Test Capital Structure & Long-Term Solvency Net Worth to Total Debt Net Worth to Long-Term Debt Net Worth to Total Assets Return on Investment Return on Total Assets Return on Equity Capital Operating Performance Ratios Gross Margin Ratio Operating Profits to Sales Net Income to Sales Asset Utilization Ratios Sales to Cash Sales to Accounts Receivables Sales to Working Capital Sales to Total Assets Halliburton appears to be healthy in terms of short-term liquidity. The Acid Test

Marx Rousseau Alienation Historically Speaking,
Words: 3121 Length: 9 Document Type: Term Paper

(O'Hagan, 1999, p. 113) Marx' Alienation Applied to Project: Marx conceived of and in many ways developed a blueprint for collectivism. The individual would transcend alienation in an environment where he did not have to possess goods, as everything he needed was provided for him and his work was a demonstrative example of making sure this was so. Marx project therefore became the development of communism, and later the transitional socialism,

Cmo the Glass Ceiling Is
Words: 10848 Length: 38 Document Type: Research Paper

Those conditions are understood. Both academia and the market are in agreement that the CMO does matter in a number of different situations. Therefore, the question of whether or not a female CMO affects firm performance is very much a valid one. The first research question is: What academic background contributes most to a woman's ascension to CMO or VP of Marketing? This question is basic, and can be answered

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now