“Maybe it’s a victory for the little guys who lose money in the market because of these kinds of transactions,” said juror Chappell Hartridge.
Now, unless I’m misunderstanding something, that’s one of the dumbest quotes I’ve read in some time. Explain to me how Martha Stewart having sold her stock cost a bunch of “little guys” lots of money? When the news actually came out that Imclone didn’t get approval for their cancer drug, wasn’t that when all the little guys lost their money? Would they have lost less money if Martha hadn’t sold?
It sounds to me like typical bitterness towards rich people. “Why did she get to sell and the little guy didn’t?” “Why does she have a million dollars and I don’t?” Seems to me this whole trial is a waste of time. I’m not wholly convinced that insider trading is an activity worth making illegal. I’ve heard that it is in fact a legal activity in Japanese markets.