Bradley, Daniel; Cline, Brandon N.; Lian, Qin - In: Journal of Corporate Finance 27 (2014) C, pp. 157-172
In a large sample of shareholder initiated class action lawsuits from 1996 to 2011, we find a significant increase in informed insider option exercises during the class action period compared to the preceding quarter, and we find that this change is positively related to the probability of...