SEC Adds New Fraud Claim To Arch Insider Trading Suit

Law360, New York (January 6, 2012, 7:26 PM EST) -- A New York federal judge on Friday allowed the U.S. Securities and Exchange Commission to add another fraud claim to its suit against Swiss investment companies accused of insider trading ahead of Lonza Group Ltd.'s $1.2 billion Arch Chemicals Inc. purchase.

Compania International Financiera SA, Coudree Capital Gestion SA and Chartwell Asset Management Services are accused of using insider information to make about about $12 million ahead of the Switzerland-based Lonza's announcement that it would buy Norfolk, Conn.-based Arch.

U.S. District Judge Paul J. Oetken rejected...
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