I do research on the darkweb for my day job, and I've found conclusive evidence on a darkweb hacker forum that a publicly-traded pharma R&D company was badly hacked and their IP stolen. No news stories on it yet. Is it legal to short the company's stock and then announce/publicize that they got hacked?
My understanding is that there are basically “due diligence” / activist short-seller firms that publish negative reports on companies all the time, which they've taken a position against, and that's legal, right? But at the same time, I'm just some guy, not someone working for one of those firms. Obviously if there's any chance this counts as insider trading, wouldn't want to do it.
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