Bus3055 Case Studies - 75356

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  • From: Law, Justice and Security
  • Due on: Mon 29 Sep, 2014 (09:00am)
  • Asked on: Sat 27 Sep, 2014
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Claudette Norman worked as a paralegal in the law offices of Morgan & Morgan, a firm specializing in securities law. One afternoon while Claudette was proofreading a document relating the merger of two Internet service providers, the senior Morgan joked “If I weren’t such an ethical lawyer, I could buy up some of their stock and make a ton of money. The stock prices will go through the roof when the announcement of this merger is released.” Later that day, Claudette told her boyfriend, Peter Nesbit what her boss said about the Internet stocks. The next day, Nesbit purchased 250 shares of the stock and sold it ten days later when the news of the merger was made public. Nesbit made a profit of $5,750 on the sale of the stock. Did Morgan, Norman or Nesbit violate any securities law(s) or ethical principles?

Kevin Mendoza, a former officer and employee of the Italian Bread Co., Inc., owned 200 shares of stock in the bread company. Mendoza quit his position at Italian Bread to become part owner and employee of the Great American Bread Co. Inc., which was a competitor with Italian Bread. Mendoza requested access to Italian Bread’s corporate books to determine the value of his 200 shares of stock. His former employer refused on the basis that Mendoza was a competitor. Does Mendoza have a right to view the books? Why or why not?


1 Solution for Bus3055 Case Studies
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Securities and Stocks
$10.00 Business, Algebra Bilbo 0 time(s)
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