Daily Archives: December 18, 2018, 8:46 am

SEC v. Peter Cho (Release No. LR-24375; Dec. 17, 2018)

The SEC’s complaint alleges that Peter Cho illegally bought Virgin America Inc. options prior to the April 4, 2016 public announcement that Alaska Air Group, Inc. would acquire Virgin. Cho learned of Alaska’s efforts to purchase Virgin by listening to conversations of his now-wife, who worked on the deal from their shared apartment at night and on weekends. The two…

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