Facts: According to the SEC investigation, in 2015,

Adam and Mary were roommates. They had known each other since childhood. Adam is a vegan and a spokesperson for an animal rights group. Mary is an MBA graduate from Stanford and an analyst for a prominent Wall Street brokerage house. Adam often engages in heated debates with Mary about her choice of employment, suggesting she is engaged in immoral activity. Adam, deeply concerned about Marys choices in her life, once bought her a copy of The Sixth Extinction: An Unnatural History, a book about the future of the world. She gave the book to her secretary.

Marys employer planned to publicly announce its negative earnings forecast of MeadowLife Vitamins, an herbal vitamin and remedy company. Mary casually mentioned to Adam, one day before the announcement, that it was time to sell that vitamin stock he held before it tanked big time Unbeknownst to Mary, Adam was a member of the board of directors of MeadowLife. As a result of her warning, Adam was able to warn his fellow board of directors about the forthcoming negative announcement and they all sold their shares at a profit before the stock took a significant loss. The board did not tell anyone else in the company and many employees lost significant value in their 401(k) accounts as a result. Adam took his profits and invested in a high yield mutual bond fund.

The SEC has provided this information to the corporation.

Assignment: Advise the corporation by drafting a legal opinion that identifies important legal issues, discusses the applicable law, and reaches logical conclusions. Make reasonable assumptions when necessary to complete your analysis. In addition, identify, analyze, and suggest how to resolve any ethical issues that exist in this scenario.

In your legal opinion, (1) set out the legal questions or issues that must be addressed. (2) Then, state the relevant facts. Remember, not all facts may be relevant. Typically, a fact is relevant if it had an impact on the case's outcome. (3) Thereafter, begin your analysis, on which the legal opinion depends by setting out the provisions of the law (or laws) that are applicable to the relevant facts. (4) Finally, answer the legal questions or issues that you initially identified by applying the law to the relevant facts to reach logical conclusions.

this is a business law class