Edmund works in the mailroom at publicly held Gloucester Company. While he is delivering mail, he notices
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Edmund works in the mailroom at publicly held Gloucester Company. While he is delivering mail, he notices a document marked “Confidential” addressed to the company CFO. Before delivering it, Edmund ducks into a break room and reads the document. Based on that information, Edmund sells all of his stock in Gloucester. The next day, a federal regulatory agency reveals that Gloucester is being investigated for fraud. Gloucester’s stock price drops 20 percent.
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Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
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