U.S. securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett’s Berkshire Hathaway and Brazil’s 3G Capital, Reuters reports.
The suit, filed in federal court in Manhattan, cites “highly suspicious trading” in Heinz call options just prior to the Feb. 14 announcement of the deal. It claims the traders are either in, or trading through accounts in, Zurich, Switzerland.
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News For You
— April 11, 2014
By Attorney Jorge P. Gutierrez Special to THELAW.TV If you drive enough, you will end up in a motor vehicle accident at some point in your life. Not because you did anything wrong. But more likely because someone else was not paying attention, was talking or texting on the cell phone, or just being negligent…
In The News
— May 7, 2014
The U.S. Supreme Court on Monday gave local government officials across the United States more leeway to begin public meetings with a prayer, ruling that sectarian invocations do not automatically violate the U.S. Constitution. From USA Today: The Supreme Court on Monday narrowly upheld the centuries-old tradition of offering prayers to open government meetings, even…
— April 28, 2014
By Attorney Melba Pearson Special to THELAW.TV The last two weeks have brought the issues of hate and ignorance to the forefront of the media, as well as the American consciousness. The tragedy in Overland Park, Kansas, the racist rants of a Nevada rancher, and the video of the L.A. Clippers’ owner have created debate,…