Wednesday, November 28, 2012

Analyst: Level Global Boss Knew Of Insider Info




Level Global Investors LP founder Anthony Chiasson knew his hedge fund used corporate insiders to obtain information, an analyst testified Tuesday at Chiasson's trial for insider trading in Dell Inc. and other technology stocks.

Chiasson was briefed on a string of sources that went back to within Austin, Texas-based Dell — connections the now-defunct hedge fund exploited to make a major short ahead of a market-disappointing earnings announcement in August 2008, Spyridon “Sam” Adondakis told jurors in Manhattan…..

No comments:

Post a Comment