Let me preface this blog by telling you I believe victim less crimes, such as egregious insider trading activities, are punished far too harshly in this country. It panders to populism, the pitched fork guy running naked in the streets after rich people. I do not believe that anyone should have his/her freedom taken away for stupid stuff, like selling XYZ ahead of a bad earnings report. Fine the person; bar them from the industry, but keep the prisons filled with child abusers instead.
Having said that, can someone please be kind enough to explain to me, in layman’s terms, as I am still reeling from the FEYE s-1 filing, how Bill Ackman is allowed to freely admit taking his single largest investment ever ($4 billion), in AGN, while knowing before hand that VRX would bid for the company?
How did Bill know before hand?
He had a deal with VRX in place that said he’d support their hostile takeover?!?
Wow.
It’s good to be King.
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