Fire the bum? Put him up for sale on the website? Issue an explanatory press release about the sale – of the information?
The chips, and any prison sentences, will fall where they may. General counsel may want to pick up some pieces of the story for future reference.
Stock Plot
Investors gobbled up the stock in megabytes when the company went public a year later. Bezos is now neck-and-neck with Bill Gates for the richest-man-in-the-world prize.
Rezakhani then traded on the information, making more than $116,000 in stock profits, according to the Department of Justice.
Internet Chatter
Kennedy pleaded guilty after securing a recommendation that he serve no more than one year in jail. Rezakhani is already serving five years for defrauding Apple, Inc. and other companies in a separate matter.
Once the legal process is complete, however, they will also have to disgorge any ill-gotten profits. That’s not a promise, just a prediction.
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- Toys ‘R’ Us Is Getting Legal to Handle Debt (FindLaw’s In House)
- Venture Capitalists to Face More Scrutiny for Harassment (FindLaw’s In House)
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