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Browse: Home / 2011 / March / 30 / Sonova Executives Resign After Internal Investigation Finds Improper Trading in Company’s Securities

Sonova Executives Resign After Internal Investigation Finds Improper Trading in Company’s Securities

By Securities Docket on March 30, 2011, 11:03 am

The top executives of Sonova Holding AG will step down with immediate effect after an independent investigation found the Swiss hearing-aid maker was late in issuing a profit warning, allowing insiders to sell shares.

Sonova, the world’s largest hearing-aid maker, said Chief Executive Valentin Chapero and Chief Financial Officer Oliver Walker have resigned, while Chairman Andy Rihs will step down but remain on the company’s board.

Read more: Sonova Executives Resign After Internal Investigation Finds Improper Trading in Company’s Securities — WSJ

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Posted in SEC | Tagged Insider Trading, Investigations

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