According to Bloomberg hedge fund analyst Matthew Teeple was
released on $200,000 bond in New York in connection with what prosecutors call
a $27 million insider-trading scheme.
Teeple, an analyst for an unidentified San Francisco-based
hedge fund, didn’t enter a plea today before Magistrate Judge Kevin Nathaniel
Fox in Manhattan federal court to charges of conspiracy and securities fraud.
David Riley, the former chief information officer for
Foundry Networks, was charged in March in a felony complaint filed in Manhattan
accusing him of tipping Teeple about Foundry’s acquisition by Brocade
Communications Systems Inc. (BRCD) The U.S. Securities and Exchange Commission
also sued the two, as well as a third man, John V. Johnson....
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