2010 New York Code
BSC - Business Corporation
Article 16 - (1600 - 1613) SECURITY TAKEOVER DISCLOSURE ACT
1609 - Fraudulent, deceptive or manipulative practices.

§ 1609. Fraudulent, deceptive or manipulative practices.
    (a)  No  person  shall make any untrue statement of a material fact or
  omit to  state  any  material  fact  necessary  in  order  to  make  the
  statements  made, in the light of the circumstances under which they are
  made, not  misleading,  or  engage  in  any  fraudulent,  deceptive,  or
  manipulative  acts  or practices, in connection with any takeover bid or
  any solicitation of offerees in opposition to or in favor  of  any  such
  takeover bid.
    (b) It shall constitute a violation of this article for any person who
  is  in  possession of material information relating to any takeover bid,
  which information he knows or has reason to know is nonpublic, which  he
  acquired  either  before  or after the commencement of the takeover bid,
  and which he knows or has reason to know has been acquired  directly  or
  indirectly  from an offeror, a target company, or any officer, director,
  partner or employee or any other person acting on behalf of the  offeror
  or target company, to purchase or sell or cause to be purchased or sold,
  within or from this state, any securities sought or to be sought by such
  takeover  bid  or any securities convertible into or exhangeable for any
  such securities or any option or right to obtain or to  dispose  of  any
  such securities.
    (c)  Fraudulent,  deceptive  or manipulative acts or practices include
  without limitation those acts and  practices  proscribed  by  rules  and
  regulations  which  the  attorney  general is hereby empowered to adopt,
  promulgate,  amend  and  rescind  as  is  necessary  to  carry  out  the
  provisions of this section.