Not kosher: Settlement reached in pork industry insider trading suit

Bangkok man agrees to pay $5.2 million to settle allegations of insider trading in advance of Smithfield Foods’ acquisition

As Porky Pig would say in regard to the insider trading allegations revolving around the recent acquisition of the world’s largest producer of pork, “That’s all, folks!”

A Bangkok man has agreed to pay $5.2 million to settle allegations that he made a large sum of money from a series of shady transactions in advance of the acquisition of Smithfield Foods by a Chinese company.

Senior Editor and Community Manager

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Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

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