Mechanical engineers who worked with pig tail industries

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Reference no: EM132236128

Peter Bunbonnaway and S. Mel Yee are two mechanical engineers who worked with Pig Tail Industries, a producer of ammonia in Trinidad and Tobago. Yee and Peter are two very observant employees and notice that “there were an unusual number of daytime tours” of the ammonia plan with “people dressed in business attire.” On one occasion, one of the persons in business suit stopped and ask Peter and Yee about the reliability record of the plant and both responded that it had a high rate of reliability. Peter and Yee had a hunch that something was up even though they were never brought into the loop through official channels. The men, and members of their family, bet that a deal was in the works by buying tens of thousands of shares in the ammonia company which was publicly traded in the Stock Exchange of Trinidad and Tobago. When Salt Pork Limited acquired the methanol company in May 2009, the men and their families made more than $1 million.

Can action be taken against Peter and Yee? Please advise.

Reference no: EM132236128

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