Mystery Heinz 'Insider Traders' No-Shows In Hearing

Law360, New York (February 22, 2013, 4:28 PM EST) -- A Swiss trading account linked to potential insider trading ahead of H.J. Heinz Co.'s $28 billion sale will be frozen indefinitely, a New York federal judge ruled Friday after the account holders failed to show up in court.

U.S. District Judge Jed S. Rakoff granted a U.S. Securities and Exchange Commission request that assets in a Goldman Sachs account remain frozen while the commission investigates unusual options trading ahead of the Heinz deal, announced Feb. 14.

The judge had granted the SEC an emergency asset freeze...
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