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Browse: Home / 2018 / December / 06 / S&P analyst must face insider trading charges over merger of paint makers | Reuters

S&P analyst must face insider trading charges over merger of paint makers | Reuters

By Securities Docket on December 6, 2018, 6:15 pm

A federal judge in Manhattan on Thursday rejected requests by a Standard & Poor’s credit ratings analyst and a friend to dismiss criminal insider trading charges related to the $9.3 billion merger of paint makers Sherwin-Williams Co and Valspar Corp.

U.S. District Judge Jed Rakoff said the indictment’s failure to allege that the analyst Sebastian Pinto-Thomaz and Jeremy Millul, a jeweler in Manhattan’s Diamond District, shared a “meaningfully close personal relationship” didn’t matter because it said Pinto-Thomaz had an “intention to benefit” Millul.

via S&P analyst must face insider trading charges over merger of paint makers | Reuters.

Posted in Criminal, Top | Tagged Insider Trading

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