Search results
Results From The WOW.Com Content Network
On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history.
The US and the UK vary in the way the law is interpreted and applied with regard to insider trading. In the UK, the relevant laws are the Criminal Justice Act 1993, Part V, Schedule 1; the Financial Services and Markets Act 2000, which defines an offence of "market abuse"; [35] and the European Union Regulation No 596/2014.
[29] [24] During the extradition proceedings Lynch was represented by Alex Bailin KC, who argued that Lynch should face trial in the UK. [26] After a further appeal failed, Lynch was flown to the US in May 2023, and held under house arrest in San Francisco to await trial. [30] Lynch and Chamberlain went on trial in San Francisco on 18 March 2024.
When UTA announced its surprise acquisition of London-based Curtis Brown Group last month, it was heralded as an aggressive and strategic move into the UK talent space, causing the industry on ...
Dennis B. Levine (born August 5, 1952) [1] is a corporate consultant and former investment banker. He was a managing director at the investment banking firm Drexel Burnham Lambert in the 1980s.
The Guinness share-trading fraud was a major business scandal of the 1980s. It involved the manipulation of the London stock market to inflate the price of Guinness shares to thereby assist Guinness's £4 billion takeover bid for the Scottish drinks company Distillers. Four businessmen were convicted of criminal offences for taking part in the ...
At the time of the acquisition, O'Connor & Associates had over 500 employees and was one of the largest options trading firms in the world. [2] After the acquisition, O'Connor & Associates continued to operate as a subsidiary of Swiss Bank Corporation. In 1998, Swiss Bank Corporation merged with Union Bank of Switzerland to form UBS. [3]
During the high-profile trial of investor Raj Rajaratnam, defense attorneys used the mosaic theory to argue against allegations of insider trading. [4] These arguments were ultimately unsuccessful. Though it was ten years shorter than the requested amount of time, it constitutes as the longest prison sentence given to an insider trading case. [ 6 ]