Swiss Firms Seek To Bury SEC Insider Trading Suit

Law360, New York (February 14, 2012, 7:12 PM EST) -- Two Swiss investment firms targeted in a U.S. Securities and Exchange Commission insider trading suit urged a judge Tuesday to put an end to the case and reject the agency's request for a dismissal without prejudice so it could collect additional evidence.

In a memorandum opposing the SEC's dismissal request in New York federal court, Compania International Financiera SA and Coudree Capital Gestion SA said the agency is "desperately seeking to avoid an otherwise imminent adverse judgment on the merits which would forever prevent it from...
To view the full article, register now.