Just looked back at your quote from BK. I believ
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Its an interesting thought about Aruda possibility trading on non public info though. The fact that he is not (an insider) to my mind should make no difference because the golfer in my example was not an insider but couldn't trade on that knowledge. It's an interesting question for sure. Remember the lawyers likely got 2 million shares. You think they haven't sold? One would think they know the law pretty well.