Regulators Investigate Suspicious Dow Jones Trades

Law360, New York (May 7, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission and the New York State Attorney General’s Office have both launched investigations into suspicious trading in the days leading up to the $5 billion unsolicited offer made for Dow Jones & Co. by News Corp.

A Dow Jones spokesman confirmed the probes, and said that the company “will cooperate fully with the authorities investigating the matter.”

Regulators will likely focus their investigations on Dow Jones options traded in late April, according to the Wall Street Journal.

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