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Soros Insider-Trading Verdict Upheld by Paris Court

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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-15-06 10:22 AM
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Soros Insider-Trading Verdict Upheld by Paris Court
Gee, do you think Tony poodle Blair and the Bush-loving conservatives care about this? Hmmmm.

June 14 (Bloomberg) -- George Soros failed in a bid to overturn an insider-trading conviction at France's highest appeals tribunal. He vowed to pursue an appeal in European court to clear the legal stain that mars his 40-year investing career.

The Court of Cassation, the tribunal of last resort in France, today upheld a March 2005 judgment that Soros violated the law when he bought Societe Generale SA shares in 1988 with knowledge that the bank might be a takeover target. The Hungary- born financier, who has been fighting the case for more than 17 years, will appeal to the European Court of Human Rights, his lawyer said.

``The court did not respond to one of our key arguments concerning the fact that the length of the proceedings didn't allow Mr. Soros to have a fair trial,'' said lawyer Ron Soffer.

more...

http://www.bloomberg.com/apps/news?pid=10000087&sid=aHFNTCIa3.y4&refer=top_world_news
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