A Paralegal Owned Shares in Microsoft That She Inherited from Her

A paralegal owned shares in Microsoft that she inherited from her grandfather. The stock shares regularly paid dividends, and the paralegal appreciated the extra income from the dividends. Some time later, the paralegal accepted a job with another law firm that often worked on litigation involving technology companies. One month later, the paralegal learned that her new employer had been hired to file suit against Microsoft in an anti-trust action. Must the paralegal disclose to her employer that she owns shares in Microsoft?

A) Yes, because her ownership of the shares creates a conflict of interest based on a personal interest.
B) Yes, because her ownership of the shares creates a conflict of interest based on representation of a former client.
C) No, because she inherited the shares from her grandfather and did not buy them directly in the stock market.
D) No, because an exception to the conflict rules exists for ownership of shares in an opposing party.

Correct Answer:

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