Husband And Wife Named In TXU Insider Trading Suit

Law360, New York (April 2, 2007, 12:00 AM EDT) -- A British couple is only the latest group of investors to see funds suspended amid allegations that it engaged in insider trading related to the purchase of energy company TXU Corp. by private equity firms.

On Friday, a federal judge ordered Sunil and Seema Sehgal’s assets frozen, and the U.S. Securities & Exchange Commission insisted that they reaped over $270,000 in “highly profitable and suspicious” trades prior to the public announcement of TXU’s proposed buyout. The Sehgals have now been added as defendants to the SEC’s...
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