2nd Circuit Clears Prime Brokers in Archegos Case: Limits on Fiduciary Duty & Insider Claims

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The 2nd U.S. Circuit Court of Appeals upheld dismissal of insider ...

The court held Archegos was not an insider of the issuers because ...

The panel found Goldman and Morgan Stanley owed Archegos no fiduci...

The ruling narrows insider trading risk for prime brokers in unwin...