Feds Say Fund Chiefs Were At Top Of Insider 'Criminal Club'

Law360, New York (November 13, 2012, 9:06 PM EST) -- Former hedge fund managers Todd Newman and Anthony Chiasson tapped a ring of finance professionals to obtain confidential financial figures for Dell Inc. and other tech companies, prosecutors said Tuesday at the start of their insider trading trial.

Newman, a former portfolio manager at Connecticut-based hedge fund Diamondback Capital Management LLC, and Chiasson, the founder of the defunct Level Global Investors LP, were at the end of a corrupt chain of analysts and insiders passing sensitive information, prosecutors said in opening statements in New York federal...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.