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S.E.C. v. HOOVER

Civ. A. No. H-94-CV-0081.

903 F.Supp. 1135 (1995)

SECURITIES & EXCHANGE COMMISSION, Plaintiff, v. Howard S. HOOVER, Jr., Defendant.

United States District Court, S.D. Texas, Houston Division.

September 11, 1995.

Attorney(s) appearing for the Case

Michael R. Klein, Arthur F. Mathews, Andrew B. Weissman, Robert F. Hoyt, Wilmer Cutler & Pickering, Washington, DC, Scott J. Atlas, N. Scott Fletcher, Vinson & Elkins, Houston, TX, for defendant.

Philip W. Offill, Jr., Fort Worth, TX, for plaintiff.

MEMORANDUM AND OPINION

ROSENTHAL, District Judge.

Pending before this court are a motion for partial summary judgment filed by the Securities & Exchange Commission ("SEC"), (Docket Entry No. 33), and a cross-motion for summary judgment filed by Howard S. Hoover, Jr. ("Hoover"), (Docket Entry No. 37).

The facts of this insider trading case are unusual. The information allegedly used as the basis for the insider's stock sale was not information...

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