[SomewhatLikely]

They stated the direction of information flow in the article: The feds allege that Peltz used disposable “burner” phones and encrypted apps to communicate with a journalist, and that the reporter provided “material nonpublic information about forthcoming articles” which Peltz used to trade in the market “just prior to publication of an article about each company written by the reporter.” The indictment describes “numerous contacts” between Peltz and a reporter, including at least one in-person meeting

[throwaway789256]

Thanks, I should have included that up top, but can't edit now. I think the key words there are "just prior to."

Other material information is that the story would be published at all.