Tags: Insider trading

Tesla Shareholders Fight 'Outlandish' $7 Billion Legal Fee Demand Over Elon Musk's $56 Billion Pay Package

A Tesla shareholder has filed a lawsuit accusing CEO Elon Musk of insider trading, alleging he sold $7.5 billion in shares before poor production and delivery figures were released, resulting in $3 billion in improper profits.

Brothers Michael Shvartsman and Gerald Shvartsman, originating from Florida, admitted to one count of securities fraud each in New York City on Wednesday.

The US Securities and Exchange Commission (SEC) said Andreas "Andy" Bechtolsheim, the co-founder of Sun Microsystems and an early investor in Google, has settled insider trading charges against him that will cost him almost $1 million.

The Department of Justice has been probing on a possible insider trading following high-speed trades which was also confirmed by US regulators earlier this week, reported Reuters.

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A verdict of not guilty was entered by a Dallas jury on the case of insider trading against billionaire Mark Cuban.

Jury deliberations on the insider trading case against Mark Cuban started Wednesday. The jury had begun deliberations for the insider trading case of NBA Dallas Mavericks owner Mark Cuban.

Country Garden Holdings Co. had suspended its share trading on the Hong Kong Stock Exchange after the Hong Kong Economic Journal said that the company had leaked home subscription data through a staff memo.

Billionaire Mark Cuban said during a court trial last Monday that the stake he sold from an Internet search firm was long been planned.

SEC Lawyer Jan Folena said Mark Cuban cheated when he sold his shares in an Internet firm nine years ago.

The US Securities and Exchange Commission has charged Mark Cuban of insider trading. Billionaire Mark Cuban is being hauled to court for insider trading.

The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.

Securities brokerage firm Everbright would be facing a bleak future as China Securities Regulatory Commission (CSRC) handed down a CNY523 million (USD85.5 million) fine and corporate suspensions for insider trading.

Ex-SAC Capital fund manager Mathew Martoma was charged with insider trading after having received tips from a source identified as "Doctor-2".

According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.

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