My post for the Harvard Law Forum on Corporate Governance discusses insider trading by UK directors who sit on several boards. When these directors face a trading ban in one firm due
to an impending earnings announcement, they often trade in their other firms using their private information.

https://corpgov.law.harvard.edu/2025/01/22/insider-trading-in-connected-firms-during-trading-bans/

Insider Trading in Connected Firms during Trading Bans

There is an extensive body of studies that documents that corporate insiders with access to insider information are able to earn abnormal returns by ...

The Harvard Law School Forum on Corporate Governance