Sandeep Aggarwal, a former research analyst with Collins Stewart LLC, admitted passing inside information about a deal involving Yahoo! Inc. and Microsoft Corp. to a former SAC Capital Advisors LP fund manager.
SAC Capital Advisors LP will plead guilty to securities fraud as soon as today, the biggest hedge- fund firm to resolve charges in the U.S. government’s six-year crackdown on insider trading, according to a person familiar with the matter.
SAC Capital Advisors LP will plead guilty to securities fraud, CNBC reported, resolving an indictment filed earlier this year in Manhattan federal court that was the culmination of a U.S. insider trading crackdown spanning the past six years.
Groupon Inc., the deal-of-the-day coupon company, lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.
As Israel’s largest holding companies struggled to refinance debt during the global financial crisis in 2009, Nochi Dankner was expanding, buying stakes in French retailer Carrefour SA, HSBC Holdings Plc’s Manhattan building and Credit Suisse Group AG.
Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company and executives committed securities fraud leading to the U.S. financial crisis that intensified in 2008.