Inside The Big-Boy Letter

Law360, New York (August 05, 2008, 12:00 AM ET) -- In 1988, the movie Wall Street depicted a culture of naked greed exemplified by insider trading.

Inspired by the high-profile indictments of Owen Morrisey, who was involved in a $20 million insider trading scandal in 1985, Dennis Levine and Ivan Boesky, among others, the protagonist, a young broker named Bud Fox, takes a short-cut on the road to success by trading on information he comes by innocently, and then less innocently, until he is actively engaged in manipulating the market and is ultimately prosecuted.

Although Bud...
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