The Galleon Verdict
futureofcapitalism.com

A professor of law at the University of San Diego, Frank Partnoy, has a piece in the Financial Times about the guilty verdict against Raj Rajaratnam:

it isn't clear from this case what insider trading even is. Many business people do not understand why Mr Rajaratnam committed crimes related to Intel's acquisition, yet it was apparently legal for David Sokol to buy Lubrizol shares just before it was acquired by his company, Berkshire Hathaway. There is no clear dividing line.

Read More...

The Galleon Verdict
futureofcapitalism.com

A professor of law at the University of San Diego, Frank Partnoy, has a piece in the Financial Times about the guilty verdict against Raj Rajaratnam:

it isn't clear from this case what insider trading even is. Many business people do not understand why Mr Rajaratnam committed crimes related to Intel's acquisition, yet it was apparently legal for David Sokol to buy Lubrizol shares just before it was acquired by his company, Berkshire Hathaway. There is no clear dividing line.

Read More...