JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Thursday, March 24, 2005

French court upholds Soros' insider trading conviction
Chris Buell at 12:16 PM ET

[JURIST] A French appeals court on Thursday affirmed a 2002 conviction of investor George Soros [Wikipedia profile] for insider trading, including a $2.9 million penalty. The court ruled that Soros' 1988 purchase of French bank Societe Generale SA [corporate website] stock with knowledge that the bank might be the object of a takeover bid broke insider trading laws. Soros has maintained his innocence and claimed that the takeover rumors were widely known at the time. Soros' appeal options are now limited to arguing the law was wrongly applied or to appeal to the European Court of Human Rights. Bloomberg has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 Kosovo lawmakers vote to create war crimes court
12:42 PM ET, April 24

 Mississippi governor signs ban on abortions after 20 weeks
11:16 AM ET, April 24

 UN urges reform of Ivory Coast electoral commission
10:41 AM ET, April 24

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

Unprecedented Notice of Warrantless Wiretapping in a Closed Case
DOMESTIC
Ramzi Kassem
CUNY School of Law

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org