Blockbuster: Legal Expert Questions Why Mickelson (if he knew nothing) is Paying Interest on the Ill-Gotten Gains

“I have never seen prejudgment interest as part of a settlement involving a relief defendant”

Unnerving analysis for Mickelson apologists from the National Law Review.

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4 Responses to Blockbuster: Legal Expert Questions Why Mickelson (if he knew nothing) is Paying Interest on the Ill-Gotten Gains

  1. Jaybird77 says:

    It still seems “unsolved”. Yes, Mickelson seems to have clearly acted on a tip but, based on what the SEC people are saying, they can’t prove that it was an insider trading level tip.

    It could have simply been, “hey Phil, you owe me money. There is a strong possibility investing in this company will help you pay me back”.

    Which is different than, “Hey Phil, it hasn’t been announced yet but Dean Foods is getting ready to spin off a part of their company that is going to make them a lot of money so you should get in now”.

    I know that’s a huge spin but, that’s pretty much what lawyers do.

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