French Regulator Had No Evidence To Indict: Lagardere

Law360, New York (January 28, 2011, 4:53 PM EST) -- Lagardere SCA said Friday that France's financial market regulator has issued an indictment against the media giant over alleged insider trading from its 2006 sale of EADS NV stock despite an acknowledgement that it has "no evidence" against Lagardere.

The indictment, which in France opens a formal investigation rather than representing formal criminal charges, stems from accusations that Lagardere engaged in insider trading when it sold half of its 15 percent stake in EADS just ahead of a 2006 announcement of costly delays in EADS' Airbus...
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