Wednesday, July 18, 2007
This is the week for news about Dow Jones. First, the board announced its approval of the deal to sell the company to News Corp, after months of intermittent negotiations. Now, following up on an earlier story about inside trading in Dow Jones stock, the SEC notified David Li, a Dow Jones director, that it plans to bring civil charges against him. The SEC previously charged a Hong Kong couple who made profitable trades in Dow Jones stock before the public announcement of Murdoch's interest; Mr. Li has business and social ties to the father of the wife. WSJ, SEC to File Civil Charges Against Dow Jones Director.