On April 5, 2024, a federal jury in the Northern District of California found defendant Matthew Panuwat liable for insider trading in the Securities and Exchange Commission’s (“SEC”).
In SEC v. Blackburn, 15 F.4th 676 (5th Cir. Oct. 12, 2021), the United States Court of Appeals for the Fifth Circuit became the first circuit to consider whether a disgorgement order for violations.