Stay Rejected In Albertsons Insider Trading Cases

Law360, New York (July 30, 2009, 2:32 PM EDT) -- A judge has denied a bid by federal officials to stay discovery in insider trading cases lodged against executives at UBS Investment Bank and the Blackstone Group allegedly involved in a $7.5 million scheme related to the sale of supermarket operator Albertsons Inc.

Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York on Wednesday blocked a bid by acting U.S. Attorney for the Southern District of New York Lev Dassin to put a hold on the U.S. Securities and...
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