Question
1. Movie: Wall Street (1987). In the initial, in-person meeting between Bud Fox (Charlie Sheen) and Gordon Gekko (Michael Douglas), Bud provides Gekko with information
1. Movie: Wall Street (1987). In the initial, in-person meeting between Bud Fox (Charlie Sheen) and Gordon Gekko (Michael Douglas), Bud provides Gekko with information about Bluestar Airlines. Bud received this information from his father, Carl (Martin Sheen), the president of one of Bluestar's unions. Based on the exchange between Carl and Bud: is the information provided by Carl to Bud information that could trigger the applicability of Rule 10b-5? If so, explain your answer. If not, why not?
2. Movie: Wall Street (1987). In the initial, in-person meeting between Bud Fox (Charlie Sheen) and Gordon Gekko (Michael Douglas), Bud provides Gekko with information about Bluestar Airlines. Bud received this information from his father, Carl (Martin Sheen), the president of one of Bluestar's unions. Based on the exchange between Carl and Bud, and the exchange between Bud and Gekko: does Carl have any liability for providing this information to Bud? If so, explain your answer. If not, why not?
3. Movie: Wall Street (1987). In the initial, in-person meeting between Bud Fox (Charlie Sheen) and Gordon Gekko (Michael Douglas), Bud provides Gekko with information about Bluestar Airlines. Bud received this information from his father, Carl (Martin Sheen), the president of one of Bluestar's unions. Based on the exchange between Carl and Bud, the exchange between Bud and Gekko, and Gekko's subsequent trading with that information: does Bud have any liability for providing this information to Gekko? If so, explain your answer. If not, why not?
4. Movie: Wall Street (1987). In the initial, in-person meeting between Bud Fox (Charlie Sheen) and Gordon Gekko (Michael Douglas), Bud provides Gekko with information about Bluestar Airlines. Bud received this information from his father, Carl (Martin Sheen), the president of one of Bluestar's unions. Based on the exchange between Carl and Bud, the exchange between Bud and Gekko, and Gekko's subsequent trading with that information: does Gekko have any liability for trading with the information provided by Bud? If so, explain your answer. If not, why not?
5. Movie: Wall Street (1987). Bud Fox (Charlie Sheen) creates a plan with the union presidents to sell a controlling interest in Bluestar Airlines to Lawrence Wildman (Terence Stamp) at a substantial discount, in order to drive down the price of Bluestar's stock and convince Gordon Gekko (Michael Douglas) to sell the Bluestar stock that Gekko owns. Does Bud have any liability for creating the plan with the union presidents to sell a controlling interest in Bluestar to Lawrence? If so, explain your answer. If not, why not?
6. Movie: Boiler Room (2000) or The Wolf of Wall Street (2013). Explain the stock selling practices of the brokerage firm depicted, then state specifically how those practices violate Rule 10b-5.
7. Movie: Wall Street: Money Never Sleeps (2010). Before being offered a job at Churchill Schwartz by Bretton James (John Brolin), Jacob Moore (Shia LaBeouf) spreads rumors about the impending nationalization of a foreign oilfield in which brokerage firm Churchill Schwartz is invested in, in order to cause losses for Churchill Schwartz. As a non-employee of Churchill Schwartz (ignoring Jacob's later employment by Churchill Schwartz), does Jacob have any liability for providing this information to the public? If so, explain your answer. If not, why not?
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Answer 1 In the movie Wall Street 1987 when Bud Fox receives information about Bluestar Airlines from his father Carl who is the president of one of Bluestars unions this information could potentially ...Get Instant Access to Expert-Tailored Solutions
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