InterDigital Inc (IDCC)

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I'm not so sure for a couple of reasons:

"They clearly stated it wouldn't be solved until later than when they sold and also clearly said it could go to arb and if so would not be resolved till next year. That doesn't mean they can't sell till next year. They have they're windows to sell/buy."

If you recall, management said arbitration was a possibility but they were confident that wouldn't be necessary. At some point during the Nokia talks it must have become obvious they had problems. Secondly, the whole reason that management can only sell during narrow windows is so management doesn't have an unfair advantage over individual buyers/sellers of public companies. Given the importance of Nokia, I don't see how management could consider that the Nokia discussions did not close their trading window. After all, these "windows" are not fixed in time, they are moving windows as created by various events, including license negotiations.

It sounds disingenuous to emphasize the limited selling windows but then to pretend like the Nokia negotiations did not impact these windows. If I had been blindsided by the announcement of arbitration and subsequent price fall while management had just sold at the top, I would be ready to join a class action lawsuit. That's what they are there for. Unfortunately, IDCC investors as a whole are too forgiving to take management on.

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