Bullard Cited By Seventh Circuit

A U.S. Court of Appeals for the Seventh Circuit has cited an article by Professor Mercer Bullard on insider trading in mutual funds. In the first instance in which a federal court has addressed insider trading in the mutual fund context, the district court had granted summary judgment for the Securities and Exchange Commission. In reversing the district court decision, the Seventh Circuit cited Professor Bullard’s 2005 article, Insider Trading in Mutual Funds, which was also cited in briefs by both parties. The opinion can be found at 2013 WL 3779906.