Unipol CEO, Giovanni Consorte, former vice president Ivano Sacchetti and company financier Emilio Gnutti were convicted this week in a Milan, Italy court in relation to insider trading at the Italian insurer. The insider trading charges stemmed from a 2002 bond buyback at the firm. While appeals are expected, the trio also face separate charges relating to another transaction.
Details
here.
-- MDT
Labels: insider trading