Brussels, 29/06/2012 (Agence Europe) - A step preceding a decision by a listed corporation may constitute inside information which must be disclosed to the financial markets, under EU Directive 2003/6 on insider dealing and market abuse.
This was the ruling by the European Court of Justice in Case C-19/11, issued on 28 June 2012, in answer to a question from the Bundesgerichtshof (Federal Court of Justice, Germany) about what “precise information” means exactly. Precise information is...