> for using stock information in “Business Week” magazine before it was distributed to the public They traded on information that was non-public at the time of

> for using stock information in “Business Week” magazine before it was distributed to the public They traded on information that was non-public at the time of the trade. Why shouldn't that be treated exactly as trading on news of this merger before it was announced? (The merger was eventually going to be known to the public as well, right?)