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Stock impact report

How 4 minor league baseball players made $200,000 on Del Taco insider trading, complaint says: a night out drinking with a Jack in the Box analyst [Fortune]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Fortune
stock ahead of the fast food chain's $585 million acquisition by Jack in the Box in 2022. The three players, Austin Bernard Jordan Qsar and Grant Witherspoon are connected because Qsar, 28, and Bernard, 27, attended Pepperdine University together and Qsar and Witherspoon, 27, were both drafted by the Tampa Bay Rays in 2018—Witherspoon in the fourth round. They became close friends and roommates, authorities said. Now, all three are facing a battery of charges related to conspiracy and securities fraud and could see 20 years in prison and $5 million in fines, according to the U.S. Attorney's Office for the Southern District of California. A fourth player, Chase Lambert, who was drafted by the Pittsburgh Pirates in 2018 and also attended Pepperdine with Qsar and Bernard, was named in a Securities and Exchange Commission complaint yesterday. The SEC said the squad made nearly $200,000 from illegally trading. According to the SEC, outfielder Qsar went home to San Diego in October 2021 Show less Read more
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