Never know what may come of this.... ?

Insider Trading: What Else Did McKinsey Tipster Kumar Tell Rajaratnam?

(the ebaY related part.... )

... The other deal the Attorney General's office disclosed involved lay-offs at eBay.  On October 2, 2008, Kumar found out from a client, and eBay subsidiary, that substantial layoffs would be announced that Monday, October 6, at the e-commerce giant.  Kumar called Raj the next day, on October 3, and on that same day, Galleon began to short eBay stock.  As had been anticipated, eBay announced the layoffs, the stock dropped precipitously, and Raj's Galleon took in a nice $500,000 in profits, after closing their short positions.

If the post is right, and Kumar is one of the star witnesses, then this will be what comes up next week in the super trial that is shocking Wall Street. ...

 

(more at link...   )