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Rumors of insider trading surround Berkshire Hathaway’s (NYSE:BRK.B) deal to buy Lubrizol (NYSE:LZ) announced just yesterday, after analysis by Bloomberg showed call trading surged suspiciously on March 9th, 5 days before the deal was announced, to 2,931 contracts, far higher than Lubrizol's 4-week average trade volume of 413. A single block of 2,168 April $110 calls traded for $2.35 each that day, their value surging 11-fold to $24.70 yesterday. The company's common stock jumped 28% to $134.68. Ophir Gottlieb, head of client services at Livevol Inc., a San Francisco-based provider of options market analytics said, "That is more than suspicious. It looks like a naked purchase of calls, and that's highly suspicious if not straight insiders trading." Citigroup (NYSE:C) and Evercore Partners Inc. (NYSE:EVR) were the financial advisers to Lubrizol, while Jones Day was legal counsel. Munger, Tolles & Olson LLP was legal counsel for Berkshire.
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Video Length: 72
Date Found: March 15, 2011
Date Produced: March 15, 2011
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 ClipSyndicate |
July 18, 2011
Astrology Astrology
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 ClipSyndicate |
July 18, 2011
Although many folks are now grilling year-round, July is National Grilling Month-a perfect time to think beyond those hamburgers and steaks and figure out how to make the most of many other foods cooked on the grill. Put Glenn Lyman anywhere near a grill and barbecue magic just happens! He’s ...
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 ClipSyndicate |
July 18, 2011
Young boy scout dies unexpectedly at Camp Yawgoog
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 ClipSyndicate |
July 18, 2011
Meteorologist Chris Tomer, July 18, 2011
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 ClipSyndicate |
July 18, 2011
A band in London gets creative with "Paint It Black" by the Rolling Stones
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