It is a good decision. He traded on insider information, he should not be able to get off because he tried to be clever and traded a different company’s stock.

It is a good decision. He traded on insider information, he should not be able to get off because he tried to be clever and traded a different company’s stock. Some observations. That guy must be a very decisive (or impulsive) person. He heard the news and decided on the alternate stock trick, found an alternate stock, found a suitable option on that stock and executed the trade all within seven minutes. Perhaps the merger was in the works for a while and he had been thinking and planning this for a while and just pulled the trigger when he heard the merger was approved. Also, hners should know that they are getting a lot of value by reading that article. Apparently it was written by a team of eight lawyers, seven of which are partners! Considering the billing rates of toplaw partners, this humble article may easily represent 10k dollars of billable time!