Stock answer.The West Coast SEC enforcement and white-collar defense unit of Skadden Arps Meagher & Flom LLP LLP - Lower Layer Protocol has won an insider trading case with boardroom ramifications ramifications npl → Auswirkungen pl . Fidelity National Financial Inc. director Tom Talbot learned in a board meeting that Learning Tree International Inc., one of the stocks in the company's portfolio, was facing a takeover. Based on that knowledge, Talbot purchased 10,000 shares of Learning Tree stock, which he sold two weeks later when the information was made public, earning $67,000. A Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. District court judge ruled that this was not a case of insider trading because Learning Tree had elected to communicate the information and did not request a confidentiality agreement. Staff reporter Emily Bryson York York, former name of Toronto, Canada York, Ont.: see Toronto, Ont., Canada. York, city, England York, city (1991 pop. 123,126) and district, North Yorkshire, N England, at the confluence of the Ouse and Foss rivers. can be reached at (323) 549-5225, ext. 235, or at eyork@labusinessjournal.com. |
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