supreme court of judicature
2.This paper, taking important legal precedent of theUS Supreme Court as the thread, discusses various kinds oftheories on insider trading like“Specific Fact” theory,classical theory and theft theory, and illustrates the commonlaw principles on these theories and their evolution process inan attempt to explain the impossibility of law transplantation. Applicable law of each country shall be developed based on thebasic law and judicature mechanism of its own.
