Edited by Stephen M. Bainbridge, William D. Warren Distinguished Professor of Law, University of California, Los Angeles, US

‘. . . the articles contained in this book provide an excellent understanding as to how the law developed to where it is today, not only in the United States, but also in the United Kingdom and other jurisdictions. This is therefore a book for those who have a very serious interest in this subject and who wish to develop an understanding of the thinking which has led to the current position. This means it is probably more likely to be of interest to academic lawyers rather than practising lawyers. However, it would be a great pity if it doesn’t reach a wider audience as each chapter is truly excellent.’

• Contents:AcknowledgementsIntroduction Stephen M. Bainbridge PART I ORIGINS AND DEVELOPMENT OF INSIDER TRADING LAW1. Michael Conant (1960), ‘Duties of Disclosure of Corporate Insiders Who Purchase Shares’2. Arthur Fleischer, Jr., Robert H. Mundheim and John C. Murphy, Jr. (1973), ‘An Initial Inquiry into the Responsibility to Disclose Market Information’ PART II THE SUPREME COURT’S DECISIONS IN CHIARELLA AND DIRKS3. Donald C. Langevoort (1982), ‘Insider Trading and the Fiduciary Principle: A Post-Chiarella Restatement’4. Jonathan R. Macey (1984-85), ‘From Fairness to Contract: The New Direction of the Rules Against Insider Trading’ PART III THE MISAPPROPRIATION THEORY EMERGES 5. Richard W. Painter, Kimberly D. Krawiec and Cynthia A. Williams (1998), ‘Don’t Ask, Just Tell: Insider Trading after United States v. O’Hagan’6. A.C. Pritchard (1998), ‘United States v. O’Hagan: Agency Law and Justice Powell’s Legacy for the Law of Insider Trading’ PART IV INSIDER TRADING STATUTES 7. Donald C. Langevoort (1984), ‘The Insider Trading Sanctions Act of 1984 and Its Effect on Existing Law’8. Lawrence E. Mitchell (1988), ‘The Jurisprudence of the Misappropriation Theory and the New Insider Trading Legislation: From Fairness to Efficiency and Back’ PART V INSIDER TRADING POLICY: THE MANNE DEBATE 9. Henry G. Manne (1966), ‘In Defense of Insider Trading’10. Roy A. Schotland (1967), ‘Unsafe At Any Price: A Reply to Manne, Insider Trading and the Stock Market’ 11. Henry G. Manne (1970), ‘Insider Trading and the Law Professors’ PART VI INSIDER TRADING POLICY: THE POST-MANNE DEBATE 12. Michael P. Dooley (1980), ‘Enforcement of Insider Trading Restrictions’13. Dennis W. Carlton and Daniel R. Fischel (1983), ‘The Regulation of Insider Trading’14. Larry E. Ribstein (1998), ‘Federalism and Insider Trading’15. Stephen M. Bainbridge (2000), ‘Insider Trading’Name Index