December 11, 2014
by Peter Snyder
The US Court of Appeals for the Second Circuit on Wednesday overturned the insider trading convictions of two former hedge fund traders. Defendants Todd Newman and Anthony Chiasson were convicted in May 2013 on charges of "conspiracy to commit insider trading and insider trading in violation of 18 ...[read more]
October 3, 2014
by Elizabeth LaForgia
The trial involving allegations of insider trading in shares of Airbus Group began on Friday after an eight-year investigation. Seven current and former managers at Airbus Group and two former industrial shareholders in Airbus' parent European Aeronautic Defense & Space Co. (EADS) are accused ...[read more]
July 2, 2014
by Peter Snyder
A judge for the US District Court for the Southern District of New York on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the brother Raj Rajaratnam, the founder of the now defunct Galleon Group. US District Judge Naomi Reice Buchwald ruled that a reasonable jury would ...[read more]
June 21, 2014
by Ann Schober
The Securities and Exchange Commission (SEC) on Friday filed a lawsuit in the US District Court for the Southern District of New York hoping to compel Congress to comply with subpoenas it received requesting information on an insider trading case the commission is investigating. The subpoenas ask ...[read more]
March 25, 2014
by Nicholas Tomsho
The US Court of Appeals for the Second Circuit on Tuesday affirmed the insider trading conviction of former Goldman Sachs director Rajat Gupta. Judge Amalya Kearse rejected Gupta's claim that wiretap evidence should not have been admitted against him. Gupta was convicted of three counts of ...[read more]
December 3, 2013
by Kimberly Bennett
A French court on Monday ordered a trial for German car maker Daimler AG and French industrial conglomerate Lagardere SCA, shareholders in Airbus' parent European Aeronautic Defence & Space Co. (EADS), in an insider trading investigation dating back to 2006. EADS is a global pan-European ...[read more]
July 26, 2013
by Julie Deisher-Edwards
The US Attorney for the Southern District of New York on Thursday filed a announced charges against SAC Capital Advisors, the hedge fund run by billionaire Steven Cohen. Although Cohen was not charged in the indictment, the Securities and Exchange Commission (SEC) filed a civil action against ...[read more]
July 2, 2013
by Julie Deisher-Edwards
The US Court of Appeals for the Second Circuit on Monday affirmed the 2011 convictions and sentences of three former Wall Street traders who were charged in a broad crackdown on insider trading which has led to charges against 81 people since October 2009. The traders Zvi Goffer, Craig Drimal and ...[read more]
April 14, 2013
by Cynthia Miley
The Securities and Exchange Commission (SEC) on Thursday charged the former partner in charge of KPMG's Pacific Southwest audit practice, Scott London, with providing insider information to his friend Bryan Shaw about KPMG clients Herbalife, Skechers and Deckers Outdoor Corporation. The SEC ...[read more]
April 13, 2013
by Max Slater
The US House of Representatives passed a bill on Friday that exempts senior government officials from having to report their financial information online. The bill amends the Stop Insider Trading on Congressional Knowledge Act (STOCK Act) to remove many senior government officials from the ...[read more]

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