Coe cancelled the engagement, and a four-day trip to Oregon, on 8 December, six days after a parliamentary select committee took a dim view of his pecuniary relationship with Nike.
A wife may insure the life of her husband, and a father may insure the life of a minor child, because there is a sufficient pecuniary relationship between them to establish an insurable interest.
The corporation said Galloway had no pecuniary or financial relationship with Broadgate Estates or British Land.
There is nothing to show that either the sum of $200 per day or the aggregate amount of the bond bear any reasonable relationship to the pecuniary harm likely to be suffered or in fact suffered.
Fantasy football is a draw for over 30 million fans, who maintain social relationships, competitive interest, and pecuniary goals linked to the success of individual players.
However, Martoma, Gupta, and Whitman have argued that Newman remains good law and, absent the type of close relationship present in Salman, still requires a pecuniary or similar gain to satisfy Dirks' personal benefit requirement.
This part of Newman is commonly, though not universally, read to hold that tips of confidential information only violate the law on insider trading if exchanged for a pecuniary or similar quid pro quo, at least absent a high value relationship.
But limiting inferences from circumstantial evidence, unlike a hard and fast pecuniary gain requirement, would permit further factual inquiry where, despite a loose existing relationship, an insider gift-giver could be seeking a closer relationship, recognition, psychological benefit, or the possibility of a future tangible gain.
Judge Rakoff read Newman not as limiting personal benefit to pecuniary gain, but, instead, only requiring further evidence of gift-giving intent where a tipper-tippee relationship is casual or of low value.
Gain a pecuniary advantage.
Gain a pecuniary advantage.
