A friend of mine went to a Doctor. She was told she had a severe cancer. The hospital had an experimental drug for this type of cancer. She went home, looked up the drug, found out who made it and bought the stock. Not only that so did her family, etc. As it so happens the drug did not work as it was thought it would and the stock eventually collapsed. The patient died. Did she use inside information to purchase this stock? Should her estate be sued for her use of this "inside" information?
Tuesday, January 28, 2014
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