‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInBrazil’s Petrobras: We lost $2 billion to bribery — CNNMoney
Brazil’s Petrobras has put a price tag on its massive corruption scandal, writing off $2 billion for bribery-related costs via Brazil’s Petrobras: We lost $2 billion to bribery – CNNMoney
Batista Insider Trading Case: From ‘Landmark’ to ‘Turmoil’ to ‘Farce’ | Compliance Week
The already-bizarre Brazilian insider trading case against former billionaire Eike Batista “desended into farce” this week when the presiding judge was charged with embezzling more than $360,000 in seized money to buy himself a bulletproof Land Rover and an apartment. via Batista Insider Trading Case: From ‘Landmark’ to ‘Turmoil’ to ‘Farce’ | Compliance Week
Brazil’s Landmark Insider Trading Case Derailed as Seized Cash Now Missing | Compliance Week
When we last checked in on the Brazilian insider trading case against former billionaire Eike Batista, the case was in “turmoil” after the judge was seen driving Batista’s seized white Porsche Cayenne. So how is it going lately in this landmark case? Surely nothing else bizarre has happened, right? Ha! via Brazil’s Landmark Insider Trading […]
Batista Insider Trading Case in ‘Turmoil’ After Judge Seen Driving Seized Porsche | Compliance Week
Yesterday, the landmark Eike Batista insider trading trial in Brazil was “thrown into turmoil” when reporters spotted the judge in the case driving Batista’s white Porsche Cayenne that had been previously seized by authorities along with several other luxury vehicles belonging to Batista. via Batista Insider Trading Case in ‘Turmoil’ After Judge Seen Driving Seized […]
Eike Batista’s Trial to Begin Tuesday – NASDAQ.com
A Brazilian judge on Monday denied a request by businessman Eike Batista to suspend legal action for alleged insider trading and market manipulation, clearing the way for a highly anticipated trial to begin Tuesday. via Eike Batista’s Trial to Begin Tuesday – NASDAQ.com
Brazilian Securities Regulator Going “High-Tech” to Stop Insider Trading
Brazilian securities fraudsters beware: Comissao de Valores Mobiliarios, Brazils market regulator is reportedly “going hi-tech to detect insider trading.” What high-tech weapon is the regulator turning to, you might ask? The Business Report reports that “Brazilian regulators are turning to computers to help detect insider trading and information leaks that have deterred investment in Latin […]
Brazil: Regulator CVMs Probing Possible Insider Trading in Banestes SA
Brazilian regulator Comissao de Valores Mobiliarios (known as CVMs) has opened a probe into trading in the securities of Banestes SA – Banco do Estado do Espirito Santo SA, a regional bank, in advance of an announcement that it is in acquisition discussions. Bloomberg reports that Banestes shares surged 36 percent in four days prior […]