Aside from the timing of the trade and the fact that the calls took place, everything in that report is based on the word of the CEO of Mamma.com. I honestly don't know if that matters, I'm not a lawyer and I don't play one on tv. But if it does matter, if the line between legal and illegal is whether the other party told you that you were receiving private information, then it's pretty shitty that you could be found guilty based only on that other party's say-so, don't you think?