Several times in 2016, a stock trader bought shares of a company that, just minutes later, would be named in a scoop by Bloomberg News deals reporters.
That trader was indicted last week. Bloomberg says it is looking into the matter
My latest via @CJR cjr.org/business_of_ne…
That trader was indicted last week. Bloomberg says it is looking into the matter
My latest via @CJR cjr.org/business_of_ne…
Using inside information, feds say, the suspect bought shares in a little-known Ohio chemical company at 9:37 am one day.
The Bloomberg scoop about a possible takeover of that company was published around 7 minutes later.
cjr.org/business_of_ne…
The Bloomberg scoop about a possible takeover of that company was published around 7 minutes later.
cjr.org/business_of_ne…
One day in July 2016, according to the indictment, the suspect arranged to buy shares of RR Donnelley -- with the purchases starting shortly after 1 pm and ending at 3:48 pm.
At 4:35 pm that afternoon, Bloomberg reported that Xerox was in merger talks w/ Donnelley
At 4:35 pm that afternoon, Bloomberg reported that Xerox was in merger talks w/ Donnelley
While not named in the indictment, press reports state that the director of the Ohio company who allegedly leaked info to Peltz is Jeffry Quinn.
Quinn was CEO of a chemical company called Tronox, but took a leave after the feds announced their probe
cen.acs.org/business/finan…
Quinn was CEO of a chemical company called Tronox, but took a leave after the feds announced their probe
cen.acs.org/business/finan…
Jason Peltz, the defendant in the insider-trading case, pleaded not guilty this afternoon.
At the arraignment, there was no mention of the reporter, whose byline hasn't appeared on Bloomberg's site since March 22 -- the day before the indictment was issued.
At the arraignment, there was no mention of the reporter, whose byline hasn't appeared on Bloomberg's site since March 22 -- the day before the indictment was issued.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
