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Partner Bruce Vanyo Discusses Rule 10b5-1 Plans in Bloomberg Article

Firm News | January 23, 2013
Bruce Vanyo, a partner and national co-head of the firm’s Securities Litigation Practice, was quoted in a Bloomberg article on US Airways president Scott Kirby’s sale of company stock under a Rule 10b5-1 plan established in early 2012 after US Airways first disclosed it was studying a merger with American Airlines.. “There’s nothing wrong with them,” Mr. Vanyo says of the plans, which typically contain preset terms for sales. “[Rule10b5-1] was designed by the SEC quite a while ago to allow executives where their only asset is stock of the company to be able to diversify safely without risk of being accused of insider trading.” (“US Airways' Kirby Gains $1.37 Million After Stock Gain,” January 11, 2013)
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