Jury Rejects Inside-Info Trading Claim

A federal jury has determined that a Chinese investment adviser and his firm did not use inside information in making stock purchases that netted an $8 million profit. The jury found in favor of Siming Yang and Prestige Trade Investments Ltd. on an insider trading count included in a lawsuit brought by the Securities and Exchange Commission. Thomas More Leinenweber and Justin L. Leinenweber of Leinenweber, Baroni & Daffada LLC represented Prestige Trade at trial.

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