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Old 10-28-2006, 01:00 AM #1
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SallyC SallyC is offline
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SallyC SallyC is offline
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Originally Posted by kingrex View Post
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.
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Old 10-28-2006, 08:49 AM #2
BBS1951 BBS1951 is offline
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Originally Posted by SallyC View Post
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.

LOL. Biogen has a very large and very thick rug-- like any Pharma. They sure "pulled the rug out from under me". I'm hoping other Pharmas are more ethical than Biogen, but not so naive to believe it.
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