Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Monday, January 28, 2008

Former Dow Jones Director In Settlement Talks with SEC

David Li, CEO of the Bank of East Asia and former director of Dow Jones & Co., reportedly will soon settle with the SEC allegations that he was involved in trading on inside information before the public announcement that News Corp. would seek to acquire Dow Jones.  The settlement is said to require payment of $8 million, but will not include an officer or director ban.  The SEC previously brought an action against a husband and wife, Kan King Wong and Charlotte Ka On Wong Leung, charging them with purchasing Dow Jones shortly before the announcement and subsequently selling it for a $8 million profit.  Mr. Li is a friend of Ms. Leung's father, Michael Leung.  WSJ, Ex-Dow Jones Director In Settlement With SEC.

http://lawprofessors.typepad.com/securities/2008/01/former-dow-jone.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54ff980828833

Listed below are links to weblogs that reference Former Dow Jones Director In Settlement Talks with SEC:

Comments

Post a comment