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A federal district court jury in Georgia tossed out an SEC civil suit brought against three men, clearing them of allegations they'd violated insider trading laws by using information from one man's wife to make money in the stock market. Defense attorneys saw the acquittal as an affirmation that insider trading laws can't be extended to impose a fiduciary duty on spouses who share information about a public company.
December 14, 2001 at 12:00 AM
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