Laws for Inside Trading - 20235

Solution Posted by


Rating : (5)F
Solution Detail
Price: $25.00
  • From: Business,
  • Posted on: Sun 28 Jul, 2013
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Laws for Inside Trading


Manny works for Medivac. Medivac is a manufacturer of spinal surgical equipment.  Medivac is in preliminary talks with Medtronic to merge with Medtronic.  Medtronic is the leader in spinal surgical equipment.  Manny calls his brother Mitchell on Monday.  Manny tells Mitchell to purchase shares in edivac as the proposed merger will be announced on Wednesday.  Manny purchases $5 million dollars in Medivac shares.  The merger is announced and Medivac stock 
soars from $5 dollars to $50 dollars.  Did Manny violate federal securities
 laws? If so, what law and why? Your answer must be between two and four pages in length, double spaced, with 12-point Times New Roman font.



Solution Description

Laws for Inside Trading.docx
Laws for Inside...