1. ‘These are bad facts for him’: Intel CEO's $24 Million Stock Sale Before Disclosing the Chip Flaw Could Trigger Lawsuits, SEC Inquiry (

    ‘These are bad facts for him’: Intel CEO's $24 Million Stock Sale Before Disclosing the Chip Flaw Could Trigger Lawsuits, SEC Inquiry (

    Institutional investors are talking to plaintiffs lawyers about potentially filing suit against Intel over CEO Brian Krzanich's massive stock sale in November.

    • Krzanich gained some $24 million by selling all the shares and options he was allowed to sell under a plan he put in place only the month before. His plan was put in place months after Intel was informed of a major security vulnerability in its chips...
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    1. I certainly think it would be intriguing to the SEC and theoretically to the US Attorney's office.
    2. You lose a lot of protections if you amend a [trading] plan when in possession of material non-public information.
    3. I would anticipate given the attention this may receive that the government would feel compelled to analyze the factual data.
    4. I think investors are legitimately concerned in light of the timing.
    5. The first question is what is the board going to do, because the board will get to this faster than the SEC.
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