Ex-Xinhua Exec Nets Plea Deal In $50M Insider Trading Case

Law360, Los Angeles (February 15, 2013, 6:57 PM EST) -- A former Xinhua Finance Ltd. board member pled guilty Friday to one count of conspiracy to impede the Internal Revenue Service in exchange for being released from other charges in a suit over a $50 million insider trading scheme.

Xinhua compensation committee head Dennis L. Pelino's plea deal comes seven months after a Washington federal judge dismissed the bulk of the government's case against Pelino, another Xinhua board member and the company's ex-CEO, finding that the government failed to show that they made false statements regarding...
To view the full article, register now.




Case Information

Case Title

USA v. SINGHAL et al

Case Number



District Of Columbia

Nature of Suit

Date Filed

May 10, 2011

Law Firms


Government Agencies

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.