BloombergHKG:330
BofA Didn’t Have Block Trade Mandate at Time of Segantii Calls
Bank of America Corp. didn’t have a mandate to work on a block trade in Esprit Holdings Ltd. when it had phone calls with Segantii Capital Management to discuss the deal, a prosecution witness said during the hedge fund’s trial for insider trading.
BH
Bei Hu, Julia Fioretti, Kiuyan Wong
Newsroom · hace 24 días
Bank of America Corp. didn’t have a mandate to work on a block trade in Esprit Holdings Ltd. when it had phone calls with Segantii Capital Management to discuss the deal, a prosecution witness said during the hedge fund’s trial for insider trading.
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Bank of America Tightened Block Trade Rules After Esprit Deal
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Sadler Accused Bankers of Botching Block Trade as He Sold Stock
Segantii Capital Management founder Simon Sadler accused bankers of mishandling a block trade in fashion retailer Esprit Holdings Ltd. as his own firm was shorting the stock, a Hong Kong court heard on Tuesday.
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