Tuckers’ insider trading client – Acquitted

Tuckers’ client, Mr Sappal, was the only defendant acquitted in a trial relating to insider dealing, which has just concluded at the Old Bailey.

Senior Partner, Richard Egan and the Special Casework team acted for Mr Sappal on a private basis in one of the rare cases brought by the FCA for insider dealing. The prosecution alleged that the 3 defendants were involved in a plan to make illegal profits from share dealing on secret information obtained by an insider on the board at Logica- a multinational IT and management consultant agency- shortly before the business was the subject of a takeover by CGI Group Holdings Ltd, netting the defendants massive profits.

Mr Sappal was acquitted by the jury, with his co-Defendants now due to be sentenced on 13 January 2017.

https://www.ft.com/content/482c98fd-b59c-370e-9a93-925813407aa0

http://www.telegraph.co.uk/business/2016/11/30/logica-pair-plead-guilty-insider-trading/

http://www.cityam.com/254721/two-plead-guilty-insider-dealing-logica-case

http://uk.reuters.com/article/uk-insidertrading-britain-logica-idUKKBN0LF17W20150211

https://www.ft.com/content/947ae6ee-8af7-3233-88a3-e228e4050ce7