SEC Wins Asset Freeze In Arch Insider Trading Suit

Law360, New York (July 18, 2011, 3:22 PM EDT) -- The U.S. Securities and Exchange Commission scored an asset freeze order against three Swiss companies in New York on Friday after accusing them of insider trading in Arch Chemicals Inc. just before Lonza Group Ltd. unveiled a $1.2 billion deal to buy it.

U.S. District Judge P. Kevin Castel issued a temporary restraining order and an order freezing and repatriating the assets of Compania International Financiera SA, Coudree Capital Gestion SA and Chartwell Asset Management Services.

Acting as an emergency judge, Judge Castel granted the relief...
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