Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
A former Tallgrass Energy board member, identified as Roy Cook, and four of his friends have agreed to pay $2.2 million to settle charges of insider trading ahead of a public announcement regarding a Blackstone-led buyout offer for the oil pipeline operator. The buyout offer, made in 2019, was valued at $3.03 billion. The Securities and Exchange Commission (SEC) announced the settlement, highlighting the enforcement action taken against the individuals involved in the insider trading scheme.
SEC v Panuwat: The SEC’s Novel “Shadow Trading” Insider Trading Case Goes to Trial https://t.co/2bag3SH6pZ #securities #trading #securitiesexchange @FoleyandLardner https://t.co/8IVZD5v2Qx
We charged Tallgrass Energy’s former board member Roy Cook and four others with insider trading in advance of the public announcement of Blackstone’s acquisition offer. https://t.co/ZbjygCo9nn
Palkon v. Maffei: Delaware’s Warning Shot to Controlling Stockholders Seeking to Evade Fiduciary Duties by Reincorporating https://t.co/UC1JKAblT8 #stockholders #fiduciary #delaware @FoleyandLardner https://t.co/Df67fUhSLQ
