Soros Can't Overturn French Insider Trading Conviction

Law360, New York (October 6, 2011, 6:23 PM EDT) -- A divided European Court of Human Rights on Thursday upheld billionaire financier George Soros' decade-old criminal conviction in a French court for insider trading in shares of Societe Generale SA in 1988.

Split 4-3, the judges found that French courts had not violated Soros' rights under European law by convicting him. Soros had argued that the applicable French law was poorly defined at the time, and that clearer European legislation should have been used in his case instead.

Soros also claimed that, despite having known that...
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