A top partner at the firm is also representing one of the suspected leakers, James V. Mazzo, who was the chief executive officer of Advanced Medical at the time of the takeover.
What could be duller than insider trading? It’s so de rigueur even Martha Stewart does it. But universities don’t yet regard it as mainstream enough to want insider traders on their boards of trustees.
UD has said for years that with the takeover of BOTs by way high-flying business people (see the recent Unpleasantness at the Board of Visitors Club) we’re going to see more and more trustees dumped because of suspicions of or accusations of or convictions on insider trading charges.
Now three universities – UC Irvine, University of San Diego, and Chapman – need to start a Google News search on Mazzo, a trustee.