Thursday, April 4, 2013

Analyst Teeple Released on $200,000 Bond in Insider Case

According to Bloomberg hedge fund analyst Matthew Teeple was released on $200,000 bond in New York in connection with what prosecutors call a $27 million insider-trading scheme.
Teeple, an analyst for an unidentified San Francisco-based hedge fund, didn’t enter a plea today before Magistrate Judge Kevin Nathaniel Fox in Manhattan federal court to charges of conspiracy and securities fraud.

David Riley, the former chief information officer for Foundry Networks, was charged in March in a felony complaint filed in Manhattan accusing him of tipping Teeple about Foundry’s acquisition by Brocade Communications Systems Inc. (BRCD) The U.S. Securities and Exchange Commission also sued the two, as well as a third man, John V. Johnson...

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