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 Great: Insider trading accused guilt plea reversed

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RR Phantom

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Great: Insider trading accused guilt plea reversed Vide
PostSubject: Great: Insider trading accused guilt plea reversed   Great: Insider trading accused guilt plea reversed Icon_minitimeSun Jan 25, 2015 5:59 pm
The New York insider trading case against Australian research analyst Trent Martin and four co-accused is on the verge of collapse after a judge vacated the defendants' guilty pleas.

Great: Insider trading accused guilt plea reversed Article%20Lead%20-%20wide6541073412xmdfimage.related.articleLeadwide.729x410.12xz8u.png1422216770234.jpg-620x349

US District Court judge Andrew Carter could toss the entire case on Friday when he meets with the defendants' lawyers, ending a saga that began in 2009 when technology giant IBM made a secret $US1.2 billion takeover of Chicago software company SPSS.

Sydney-raised Martin, who lived in Manhattan and worked at the Bank of Scotland in 2009, was facing a maximum jail sentence of five years after pleading guilty in 2013 to conspiracy to commit securities fraud.

Read more: http://www.smh.com.au/business/world-business/insider-trading-accused-trent-martins-guilt-plea-reversed-20150126-12xz8u.html#ixzz3PsQukGyY
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