In TheUnited States V

Multiple Choice

In theUnited States v.O'Hagan case referenced in the text,O'Hagan was a partner in the law firm of Dorsey & Whitney who represented Grand Met.Grand Met revealed to O'Hagan that Grand Met intended to make a tender offer to Pillsbury.Based on this confidential material information form his client O'Hagan purchased stock and options in Pillsbury prior to a public announcement of Grand Met's tender offer for Pillsbury.O'Hagan realized over $4million in profits but was later convicted of insider trading.The U.S.Supreme Court upheld O'Hagans criminal conviction based on the:

A) Derivative Insider Theory of Insider Trading.
B) Classical Theory of Insider Trading.
C) Missappropriation Theory of Insider Trading.
D) Bespeaks Doctrine of Insider Trading.