https://www.taxtmi.com/caselaws?id=294096 Termination of a shareholders' agreement was not shown to be unpublished price sensitive information because the event involved a comparatively small exposure, did not materially affect the company's securities, and was not price sensitive merely due to corporate restructuring. On the trading allegation, the regulator failed to show that the appellant dealt in the securities on the basis of that information; the appellant's explanation of contemporaneous funding needs rebutted the presumption of motive, and reliance on incorrect market-price data weakened the avoided-loss theory. The insider trading finding and disgorgement could not be sustained. en-us Fri, 08 Nov 2019 00:00:00 +0530 Sat, 20 Mar 2021 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294096 Termination of a shareholders' agreement was not shown to be unpublished price sensitive information because the event involved a comparatively small exposure, did not materially affect the company's securities, and was not price sensitive merely due to corporate restructuring. On the trading allegation, the regulator failed to show that the appellant dealt in the securities on the basis of that information; the appellant's explanation of contemporaneous funding needs rebutted the presumption of motive, and reliance on incorrect market-price data weakened the avoided-loss theory. The insider trading finding and disgorgement could not be sustained. Case-Laws SEBI Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294096