M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Friday, November 6, 2009

"Artie" was right to be spooked

Don't trade options.  Yes, that's right, but it turns out these guys weren't as smart as they thought.  Best not to share confidential information about your client's transaction with anyone.  From the DOJ's criminal complaint:


Crimcomplaint

At one point defendant Drimal allegedly tells a confidential informant that the source for his inside information was a lawyer and that he had no idea why he [Cutillo] "was risking his legal career and possibly 'jail' by providing [inside] information."  Indeed. 

-bjmq

http://lawprofessors.typepad.com/mergers/2009/11/artie-was-right-to-be-spooked.html

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