Hong Kong's first criminal trial for insider trading has resulted in the conviction of a former investment banker and four other defendants. Ma Hon Yeung, a former vice president at BNP Paribas Peregrine Capital, passed confidential information to his girlfriend and three family members about the proposed privatisation of Egana Jewellry & Pearls, a matter on which he was working. The four tippees all traded in Egana shares before the company announced its privatisation plans in July 2006.The five defendants will be sentenced on 1 April.
March 12, 2009 at 01:55 AM
1 minute read
The original version of this story was published on Legalweek
Hong Kong’s first criminal trial for insider trading has resulted in the conviction of a former investment banker and four other defendants.
Ma Hon Yeung, a former vice president at BNP Paribas Peregrine Capital, passed confidential information to his girlfriend and three family members about the proposed privatisation of Egana Jewellry & Pearls, a matter on which he was working. The four tippees all traded in Egana shares before the company announced its privatisation plans in July 2006.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Truly exceptional Bergen County New Jersey Law Firm is growing and seeks strong plaintiff's personal injury Attorney with 5-7 years plaintif...
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
