Question, who determines where limited public knowledge ends and where general public knowledge starts.
Five people being aware is limited and 25 people makes it public.....
You can have a local tv station that reaches thousands an hour but at the time of the broadcast only several people were tuned in.....Who keeps tabs.....
I was always under the assumption that in insider trading one person passes info to another etc....A small SELECT group of people are given info that is not shared with the general public...
IMO it is bogus that your classmate had to return the monies......He did not start the fire, and was not told by anyone inside INTEL what transpired......Right place at the right time......Give him his loot and pay him the 30 years of interest.....
Late here, good night
Who will take the case...Larry