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“The law conclusively presumes junior associates to be incapable of putting two and two together.”
Self-fulfilling prophecy, unfortunately. I’ve completed forgotten how to trust my own judgment.
Bxgrl;
I think many people of that generation were great ballroom dancers.
I can’t stand to watch “Dancing with the Stars”. Seems to me that it degrades ballroom dancing to the level of the WWE.
The word “material” is the what everyone is focusing on and IMO the word is as clear as mud. It could mean something as simple as an observation. No rationale person outside the company would have knowledge of this and based on their observations, it could be considered material. Even though they had no material information in the sense of they did not know what was happening, they knew something was happening enough to impact the company’s stock and enough information make them initiate the trade.
I have to ask the quesion. If the men were let go, no charges or fines filed, how would this set the precedent? Does this mean that any time a company is in talks of acquiring a company or in the process of being acquired, any smart employee observing this, while not having any other insider knowledge could trade on these shares? What if he told another employee and the word spread? Where does one draw the line?
“However, I admit – I NEVER use shampoo unless at the salon when they do my highlights.
I just rinse my hair every other day with conditioner and that’s good enough – you really don’t need shampoo – trust me!”
This is what I do. Most of my friends do the same. Since I stopped using so much shampoo my hair is less frizzy and not as dry. Conditioner already has enough detergent to clean hair.
Gem, Before you stopped using shampoo, would you call your hair dry or oily?
“By daveinbedstuy on November 1, 2010 10:36 AM
And yet there’s a story today about IBM approaching Fortinet.”
Ask yourself: how did that information make it to the public domain and how does it change the dynamics between those parties? Did IBM and Fortinet issue a joint press release saying they are talking about a deal or did something else happen?
I always thought Parents without Partners were for peeps in their 40’s-50’s looking for love, no?
On the basis of going after the two yard workers, lechacal’s reasoning would support the SEC in going after EACH AND EVERY EMPLOYEE WHO PURCHASED STOCK AHEAD OF THE DEAL.
FAIL
“The law conclusively presumes junior associates to be incapable of putting two and two together.”
Much as it pains to me to agree with the jackal, agree on this point I must.