Re: Earlier this week
Unless they had announced "we will publish the ruling on date X" how would they have known the ruling was coming the next day? Typically appeals courts just announce whenever, you might know it is coming soon but "soon" could be tomorrow or a month from now.
Anyway the "insider trading" part would be if the CEO or other insiders were responsible for spreading the rumor of a favorable ruling and after spreading the rumor sold stock. That's an open and shut case. The timing of doing it the day before the ruling was just an interesting sideline.
Biting the hand that feeds IT
