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
— March 6, 2014
By Attorney Tom Flores Special to THELAW.TV Starting a business can be a very rewarding, but tricky experience. This article provides basic tips on getting started. 1. Know the local zoning of the area you want to start your business. Certain types of business are not allowed in certain parts of town. While it’s possible…
In The News
— March 6, 2014
A Philadelphia sports bar agreed to pay millions in back wages and damages for underpaying its workers. From Philly.com: Chickie’s & Pete’s, the Philadelphia sports bar and restaurant chain, has agreed to pay $8.52 million in back wages and damages to employees for illegally docking a portion of their tips and failing to properly pay…
— February 28, 2014
By Attorney Steve Epstein Special to THELAW.TV The DUI trial of Kerry Kennedy presents a unique set of circumstances for the jury to consider. The crime Ms. Kennedy is charged with requires the prosecutor to prove only two things: (1) that Ms. Kennedy operated a car and (2) that while she had done so her…