Reference no: EM133614093

Question: Rob is a sixth year associate at a Rob is a sixth year associate at a big New York City law firm and it's on his first date with Amber at a trendy restaurant in Soho. While sitting at dinner, Rob cell phone rings. It is Omar a junior associate at robs firm calling Rob to update him on the Jetix deal. The jetix deal refers to the acquisition by Makusi Corp. of Jetix Co, a publidy traded company. Rob's firm represents Makusi, and Rob is the point person on the deal. Trving to impress Amber ("Amber, look, I'm a big-shot attorney working on a high-powered deal that you'll soon be reading about in the paper?), Rob purposely mentions to Omar that Makusi will be acquiring jetix at a substantial premium over the then prevailing market price of jerixs stock knowing that Amber is listening. Amber calls it a night with Rob impressed). following dinner (notwithstanding the phone call, she was not particularly The next morning, Amber calls her broker and has him buy for her account 1,000 shares of Jetix. Amber also tells her roommate Kachy that letix is going to be taken over and that Kathy should buy