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Home » Discuss » Topic Forums » Economy

CGowen

(1000+ posts) Send PM | Profile | Ignore

Mon Jan-28-08 08:57 PM
Response to Original message

1. as usual

The lawyer, Frederik-Karel Canoy, said SocGen should have informed its shareholders and the markets about its difficulties before embarking on a massive selling spree that hurt investors.

He alleged insider trading and market manipulation.

Both Canoy and small shareholder activist group APPAC also said they had filed complaints about the sale of a million shares by a SocGen director, Robert Day, on January 9 and January 10.

SocGen said Day sold the shares well before fraud was found.

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