Hedge Fund and Insider Trading News: Bill Ackman, Seth Klarman, Ken Griffin, Bridgewater Associates, Millennium Management, World Wrestling Entertainment, Inc. (WWE), Activision Blizzard, Inc.(ATVI), and More

A Short Primer on the New Law of Insider Trading (Law.com)
In his Corporate Securities column, John C. Coffee Jr. writes: Practitioners, listen up! You need to unlearn much of what you think you know about the law of insider trading. That law is changing—and quickly. In addition, new legislation has passed the House by an overwhelming margin and could conceivably pass the Senate this year. Practitioners, listen up! You need to unlearn much of what you think you know about the law of insider trading. That law is changing—and quickly. In addition, new legislation has passed the House by an overwhelming margin and could conceivably pass the Senate this year.

Michigan Pension Fund Sues World Wrestling Entertainment (AI-CIO.com)
The City of Warren Police and Fire Retirement System in Warren, Michigan, has filed a class action lawsuit against World Wrestling Entertainment (WWE) that alleges the sports entertainment company and certain senior executives made false and misleading statements regarding a distribution deal in Saudi Arabia. It also accuses CEO Vince McMahon of reaping $261 million from insider trading. Also named as defendants in the lawsuit are WWE’s former co-presidents George Barrios and Michelle Wilson, who are also accused of insider trading.

The CLO of Activision Blizzard (NASDAQ: ATVI) is Buying Shares (Analyst Ratings)
Yesterday, the CLO of Activision Blizzard (ATVI), Christopher Walther, bought shares of ATVI for $5.55M. Following this transaction Christopher Walther’s holding in the company was increased by 90.87% to a total of $6.98 million. Following Christopher Walther’s last ATVI Buy transaction on February 29, 2016, the stock climbed by 25.3%.

Equinix Inc (EQIX) CEO and President Charles J Meyers Sold $1.2 million of Shares (Guru Focus)
CEO and President of Equinix Inc., Charles J Meyers, sold 2,093 shares of EQIX on 03/16/2020 at an average price of $566.67 a share. The total sale was $1.2 million. Equinix Inc is a network-neutral provider of retail data center, co-location, and interconnection services. Its client base includes network services firms, cloud and IT service providers, financial service firms, digital, and media content providers.