IMCLONE - IMCL
Publicly-traded biotechnology firm that markets products in oncology. In 2002, IMCL made international headlines following the firm’s founder and CEO Sam Waksal was incriminated for insider trading. Briefly after Waksal’s indictment, domestic diva Martha Stewart was also charged of insider trading. Stewart obtained the details from Waksal and her own broker, stating Waksal tried to discard $5 million worth of his shares in the firm on insider information. Stewart traded her shares on data Wasakal attempted to sell his.
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Held by Production
A provision in an oil property lease that lets the lessee, often an energy company, to continually drill on the property so long as it is producing ...
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Situation where an order is not executed due to a previous order with the same price. This can also occur when two bids are placed at the same time ...
Carry Grid
Foreign exchange investment strategy aiming to lock in profit from a grid of carry trade. Carry grid involves purchasing currencies which pays rela ...
Patent Troll
This term is used to define companies or individuals that misuse patent as a business strategy. When bankrupt companies sell patents at auctions, a ...
Identifiable Asset
Asset of an acquired firm with commercial or exchange value, which can be expected to give economic benefits in the future. It can be tangible or i ...
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