SEC Nabs 5 In $70M Dell Trading Tips Case

Law360, Los Angeles (March 8, 2013, 10:57 PM EST) -- The U.S. Securities and Exchange Commission on Friday won summary judgments against five hedge fund employees who allegedly participated in an insider trading ring that made about $70 million on Dell Inc. and Nvidia Corp. stock, including two who pled guilty to criminal charges over the scheme.

U.S. District Court Judge Harold Baer of New York handed down final judgments against five of the defendants: ex-Whittier Trust Co. analyst Danny Kuo, along with former hedge fund analysts Jon Horvath of Sigma Capital Management LLC, Spyridon “Sam” Adondakis of...
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.