Mr. Windels is a partner in Davis Polk’s Litigation Department. He has experience in a wide variety of federal and state court commercial litigation matters and arbitrations, regulatory enforcement proceedings and internal investigations. [Full Bio]

The recent convictions of two traders for using hacked press releases and the settlement of SEC insider trading charges against a former Equifax manager highlight the significant insider trading risks companies face when dealing with a cyber event.  These risks come in two forms.

First, there is the risk that
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