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Unformatted text preview: Tipper/Tippee-Bacanovic must owe duty to someone for information he came by (tipper) and must get value from giving info to Martha (his duty would have to be to Merill Lynch in order to be traditional)-Martha would be tippee liable for trading on the information that Waksal is selling Misappropriation:-Bac violated duty to Merill-Basis for tipper/tippee liability-Complicated (would go to supreme court) 4. Has Martha Stewart violated any of her responsibilities to investors in MSLO? 5. From a public policy perspective, what is your appraisal of the U.S. system of restrictions on insider trading? Why have many countries historically allowed insider trading?...
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- Spring '11
- Business Ethics, Martha Stewart Living Omnimedia, Texas Gulf Sulphur