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Early restructuring results are promising, but they aren’t conclusive
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Snapchat parent passes big test: IPO above expectation - CTV News + MORE Mar 1st
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Man to plead guilty in Disney insider information case, pay $801,000 to securities regulators
– canadianbusiness.com
LOS ANGELES, Calif. – A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney’s $4 billion acquisition of Marvel Entertainment in 2009.
According to the deal filed in Los Angeles federal court Wednesday, Toby Scammell learned from his then-girlfriend, a Disney corporate strategy employee, that Disney would acquire a well-known company she didn’t name.
Scammell learned from his consulting company that Disney had previously wanted to acquire Marvel. He bought call options in Marvel stock for around $5,500, and later sold them for $192,000 in profit.
Last month, Scammell agreed to settle a parallel civil case and pay $801,000 to the Securities and Exchange Commission, which will be credited to his fine in the criminal case. He also faces prison time.
The post Man to plead guilty in Disney insider information case, pay $801,000 to securities regulators appeared first on Canadian Business.
According to the deal filed in Los Angeles federal court Wednesday, Toby Scammell learned from his then-girlfriend, a Disney corporate strategy employee, that Disney would acquire a well-known company she didn’t name.
Scammell learned from his consulting company that Disney had previously wanted to acquire Marvel. He bought call options in Marvel stock for around $5,500, and later sold them for $192,000 in profit.
Last month, Scammell agreed to settle a parallel civil case and pay $801,000 to the Securities and Exchange Commission, which will be credited to his fine in the criminal case. He also faces prison time.
The post Man to plead guilty in Disney insider information case, pay $801,000 to securities regulators appeared first on Canadian Business.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Yahoo Inc’s shares were up six per cent in heavy trading on Wednesday, after revenue figures released Tuesday after markets closed showed a surge in profit from its Alibaba unit.
Statistics Canada says foreign investment in Canadian securities grew by $6.1 billion in February, including a $3.9 billion purchase of federal government business enterprise bonds, the largest since May 2009.
