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
— April 18, 2014
Socially conservative politicians have been quietly trying to make it harder for couples to get divorced. From Slate: Rick Santorum, Michele Bachmann, and Rick Perry have signed a pledge from Family Leader, a Christian-right group, denouncing “quickie divorce” and urging couples to endure a “cooling off period.” … The hope is that by making divorce a…
— April 4, 2014
By Attorney Melba Pearson Special to THELAW.TV This week, there was another shooting tragedy on the Ft. Hood military base. Ivan Lopez, an Iraq war veteran and Army specialist, shot three people to death, injuring sixteen, before turning the gun on himself. A military policewoman bravely confronted him, which brought his actions to an end….