Quote:
Originally Posted by kingrex
That is classic insider trading, Sally, and it's illegal. That's why Martha Stewart went to jail. If they're not in jail, then it didn't happen. Sounds like a message board legend. 
Insiders have to register in advance to sell shares...they can't just decide on the fly to dump shares today before tomorrow's bad news comes out. I think it's 30 days. |
It was all over the news at the time and they were investigating, but we never heard the outcome of the investigations. The big wigs said that it was a planned sale, but didn't have the evidence to back that up.
I guess it was swept under the rug.
That rug at Biogen is starting to fray around the edges.
