Level Global To Pay $21.5M To Exit SEC Insider Trading Suit

Law360, New York (April 29, 2013, 5:42 PM EDT) -- Level Global Investors LP, the now-defunct hedge fund led by convicted insider trader Anthony R. Chiasson, reached a $21.5 million settlement Monday in New York to end a U.S. Securities and Exchange Commission suit over a tipping scheme that allegedly involved the securities of Dell Inc. and Nvidia Corp.

The settlement, announced by the SEC, resolves claims in New York federal court that Chiasson and former Level Global analyst Spyridon "Sam" Adondakis engaged in repeated insider trading. Chiasson is awaiting sentencing after being found guilty in...
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