Angela did not take action to buy or sell stock, rather a third party friend, Foster, benefited from Angela's knowledge via her position as a TNA Director and purchased stock at the rate of $4 per share from Howard
understanding that TNA's Board would fight Hawke's take over attempt and accepting the risk of the outcome of the hostile takeover.
In a Securities and Exchange Commission investigation, Leo would be found to be counsel for the firm representing Hawke in his take over attempt of TNA and thus ethically bound to maintain the confidence/secret plans of his firm's client. In purchasing
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