The first trial to emerge from a yearslong investigation into an alleged international insider-trading ring is set to begin next week in Manhattan, a case likely to shed light on a network of highflying securities traders and investment bankers who authorities say were responsible for tens of millions of dollars in illicit profits.
The defendant, New York businessman Telemaque Lavidas, is accused of passing inside information about a publicly traded U.S. biotechnology company to a Greek securities trader, Georgios Nikas, who allegedly made profitable trades off the information and shared it with others.
via Sprawling Insider-Trading Case Heads to Trial – WSJ.
