Tag: manipulation

FAKE NEWS, FAKE TENDER OFFER, YIELDS SEC, DOJ CHARGES

The Commission brought an enforcement action, in conjunction with the Manhattan U.S. Attorney’s Office, charging Robert Murray with conducting a fake tender offer using fake news. The purpose was to manipulate the share price of Fitbit, Inc. It worked –

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This Week In Securities Litigation (Week ending March 17, 2017)

The Commission brought two insider trading cases this week, one which is being litigated and another that settled prior to filing. The agency also brought a financial fraud action against five firm executives who essentially devised a series of schemes

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