Level Global Boss Knew Of Insider Info, Analyst Testifies

Law360, New York (November 27, 2012, 8:13 PM EST) -- Level Global Investors LP founder Anthony Chiasson knew his hedge fund used corporate insiders to obtain information, an analyst testified Tuesday at Chiasson's trial for insider trading in Dell Inc. and other technology stocks.

Chiasson was briefed on a string of sources that went back to within Austin, Texas-based Dell — connections the now-defunct hedge fund exploited to make a major short ahead of a market-disappointing earnings announcement in August 2008, Spyridon “Sam” Adondakis told jurors in Manhattan.

Chiasson and another hedge fund boss, Diamondback Capital...
To view the full article, register now.