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Browse: Home / 2009 / June / 01 / Australia: Merrill Lynch Flatly Rejects Insider Trading Allegations

Australia: Merrill Lynch Flatly Rejects Insider Trading Allegations

By Securities Docket on June 1, 2009, 11:49 am

As previously discussed in detail here, Merrill Lynch and one of its subsidiaries face allegations from a Sydney businessman that they engaged in what would reportedly be “the biggest case of insider trading in [Australia’s] corporate history.” Today, Merrill Lynch shot back with a definitive statement rejecting the allegations:

“Merrill Lynch completely rejects the allegations of insider trading which have been the subject of recent press coverage. Merrill Lynch has already commenced proceedings to recover in excess of $9 million owed to it by How Trading and David Waterhouse. These proceedings are set down for trial next Tuesday.”

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Posted in Global | Tagged Australia, Insider Trading

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