Bar Exam Tips: 10b5 and 16b

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Hello All,

One of the areas we spent a little extra time on in our Two Day Cram Sessions was Corporations – and in particular – 10b5 (tipper and tippee liability, corporate pronouncements and misappropriaters) and 16b (short swing profits). This (federal securities law) is an area that has not been tested in several years. As a result, in our class sessions we gave it a little extra treatment just in case. There are past exams as examples of this area, but I do not believe there are any on the bar website (as the exams on the bar website do not go back far enough). So, here is an example of one of the past exams testing federal securities (this essay also tests Professional Responsibility – it works out to be a nice cross-over essay). You can download the sample Corporations essay here: Corporations SEC & PR Essay – it can’t hurt to take a look – do not test yourself on this – just review it. I personally prefer Answer B.

I recommend reviewing this essay (spend 15 to 20 minutes on it) and spend a few minutes to review Sarbanes-Oxley. It can’t hurt. You can do this over breakfast if you wish. And, if you would rather read something for comic relief – I recommend this blog post by a bar taker – it is quite funny: “A Strongly Worded Letter to the Bar Exam”

Okay, I really am calling it a night.

All the best to all who are taking the exam tomorrow!  You can do it!

Best,

Lisa Duncanson
Program Director/Founder
Bar None Review & Bar Exam Cram Session
www.BarExamCramSession.com

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