Assuming that suspicious stock sales by a member of a corporation's board of directors may constitute circumstantial evidence of scienter for purposes of establishing a fraud or fraud-related cause of action under California law--where director sold less than 35 percent of his total shares after having been provided with negative information about company’s economic prospects over a period of nine months prior to selling--such activity did not support conclusion that sales were suspicious.

Sometimes when I read the daily  case reports I can't help but go off topic. Bains v. Moores - filed March 20, 2009, Fourth District, Div. One Cite as 2009 SOS 1706 - filed March 20, 2009, Fourth District, Div. One Cite as 2009 SOS 1706