This man is a partner at perhaps America's #1 law firm, researching one of the largest bank mergers in U.S. history. Disclosure related to mergers is a fairly significant topic. When he went to look for information about it, he didn't find too much, so he guessed that losing $10 billion was probably material. When no one listened to him, he backed off. And this was the MOST responsible and diligent person involved!!! I couldn't believe it. I expect better from my 1L classmates. What is wrong with our institutions?