Lightwave Logic Inc (LWLG)

[tedpeele]

how about this one?:

Nondisclosure agreements (NDAs) are frequently used by corporations in connection with a host of different types of proposed transactions or relationships in order to safeguard their confidential information. But if a party to an NDA uses the information he or she obtains pursuant to the agreement to trade in the corporation's securities, has that party engaged in insider trading in violation of federal securities laws? The U.S. Court of Appeals for the Second Circuit addressed this question in a pair of recent cases and attempted to clarify this area of law. In United States v. Kosinski, 976 F.3d 135 (2d Cir. 2020), and United States v. Chow, 993 F.3d 125 (2d Cir. 2021), the court ruled that a party's trading in violation of an NDA requiring it to keep corporate information confidential—even if the NDA does not expressly prohibit such trading and even if the party is an outsider with an arm's-length relationship with the company— can constitute insider trading.

https://www.mondaq.com/unitedstates/securities/1177906/nondisclosure-agreements-and-insider-trading-risk