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