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I see what you mean, but is it insider information in this case? From my understanding, many (most?) employees found out about it via published news articles.
by bmitc 4y ago
I see what you mean, but is it insider information in this case? From my understanding, many (most?) employees found out about it via published news articles.
- CPLX 4y agoI am making no reference to insider information at all. The relevant fact is the company’s insolvency. If you’re in an executive position at a company, and you know the company is insolvent, and you’re appropriating company funds for yourself, you’re breaking the law. It doesn’t matter if the company owes you that money. There’s a little subtlety here of course but this wouldn’t be an example of that.