Tag: Germany

Deutsche Boerse chief investigated for alleged insider trading — Irish Times

German police and prosecutors investigating possible insider trading by the head of Deutsche Boerse have searched the office and apartment of the man who is leading a planned merger with the London Stock Exchange. State prosecutors in Frankfurt said the investigation centred on whether secret merger talks with the London Stock Exchange were under way when Deutsche Boerse chief executive…

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CalSTRS to join class-action lawsuit against Volkswagen – Pensions & Investments

CalSTRS will join a proposed German securities lawsuit against Volkswagen AG over the automaker’s admission that it deliberately installed software that misrepresented air quality and emissions levels on millions of vehicles it had labeled clean diesel, spokesman Ricardo Duran said in an interview. via CalSTRS to join class-action lawsuit against Volkswagen – Pensions & Investments

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Deutsche Bank Spying Scandal Brewing

In a development reminiscent of the Hewlett Packard spying scandal from 2006, the German press is reporting that Deutsche Bank spied on certain of its board members and a “troublesome shareholder,” as well. According to Spiegel Online, an investigation commissioned by Deutsche Bank that resulted in a 150-page report by law firm Cleary Gottlieb Steen & Hamilton “has revealed that the bank spied on several of its management board members, supervisory board members and on at least one shareholder.”

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Germany: BaFin Deepens Insider Trading Investigation Related to Premiere AG Securities

BaFin, Germany’s financial services regulator, anounced today that it has deepened its investigation into possible insider trading in shares of Premiere AG. The WSJ reports that the BaFin investigation relates to an October 2, 2008 press release from Premiere AG release in which it announced that it expected a 2008 operating loss and restated its subscriber base by almost 1…

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Germany: Investigators Probe Possible Insider Trading by Ex-Managers at Hypo Real Estate

German prosecutors have launched several investigations into suspected insider trading at troubled lender Hypo Real Estate Holding AG. The AP reports that investigators are looking at the sale of large numbers of shares in the company before it first warned of troubles during the global financial crisis. Der Spiegel reports that several ex-managers as well as their family and friends…

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