4 ms·
> Bechtolsheim heard a rumour that Acacia had gotten offer and traded based on that. That is pretty much the text-book definition of misuse of material non-pub
by seanhunter 3y ago
> Bechtolsheim heard a rumour that Acacia had gotten offer and traded based on that.
That is pretty much the text-book definition of misuse of material non-public information (ie that's 100% insider trading).
Whether or not you think it's the most heinous crime is up to you but there's no question it's illegal.
- maxlybbert 3y agoIt’s material and nonoublic, but did he get it in violation of a fiduciary duty ( https://corpgov.law.harvard.edu/2017/01/18/insider-trading-law-after-salman/ https://corpgov.law.harvard.edu/2017/01/18/insider-trading-l... )?
- deleted 3y ago[deleted]