Business & Finance
Segantii Insider Trading Trial Ends With Verdict Due February
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Segantii Insider Trading Trial Ends With Verdict Due February The high-profile insider-trading trial involving Segantii Capital Management wrapped up Friday in Hong Kong, as defense lawyers challenged the allegations in closing statements that the defendants acted on insider information. The 31-day trial, which began in early May, centered on prosecution allegations that Segantii, founder Simon Sadler, and former trader Daniel La Rocca offloaded more than $1 million in Esprit Holdings shares...
Segantii Insider Trading Trial Ends With Verdict Due February
The high-profile insider-trading trial involving Segantii Capital Management wrapped up Friday in Hong Kong, as defense lawyers challenged the allegations in closing statements that the defendants acted on insider information.
The 31-day trial, which began in early May, centered on prosecution allegations that Segantii, founder Simon Sadler, and former trader Daniel La Rocca offloaded more than $1 million in Esprit Holdings shares in 2017 on confidential information – that a large shareholder was seeking to exit — received from a trader at Bank of America Corp.’s Merrill Lynch unit.