FBI Investigates Suspicious Trading At Heinz

Law360, New York (February 19, 2013, 7:39 PM EST) -- The FBI said Tuesday it is looking into a H.J. Heinz Co. insider trading scandal with the U.S. Securities and Exchange Commission, on the heels of a shareholder suit accusing the company’s board of self-dealing in accepting a $28 billion buyout proposal.

The FBI is consulting with the SEC, which filed a federal lawsuit Friday at several unnamed investors who allegedly made $1.7 million in irregular Heinz trading, it said. The investigation is just the latest blow lodged at Heinz over its deal with Warren Buffett's...
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