If you’re a company insider technically speaking you’re not allowed to take a dime out of a company for personal gain/reimbursement starting the moment you become aware of the company’s insolvency.
I see what you mean, but is it insider information in this case? From my understanding, many (most?) employees found out about it via published news articles.
I am making no reference to insider information at all.
The relevant fact is the company’s insolvency.
If you’re in an executive position at a company, and you know the company is insolvent, and you’re appropriating company funds for yourself, you’re breaking the law. It doesn’t matter if the company owes you that money.
There’s a little subtlety here of course but this wouldn’t be an example of that.
