Updated Oct. 19, 2009 at 8:20 a.m.

Premium Lock SEC: IBM exec ‘conveyed’ and ‘tipped’ insider information

Published: 2009-10-18 22:37:00
Updated: 2009-10-19 08:20:29

Robert Moffat Robert Moffat (IBM photo)

In 34-page Securities and Exchange Commission complaint against alleged hedge fund insider ring, IBM’s Robert Moffat is accused of disclosing ‘nonpublic information’ about Sun, his own company and AMD....

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I'm so glad I'm not an IBMer anymore after this was exposed! IBM was thinking about buying SUN, at the same time laying off thousands of workers in the Triangle! Disgusting!
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