Segantii Trial Moves to Court That Can Hand Out Longer Sentences

The insider trading case against hedge fund Segantii Capital Management Ltd. and its founder Simon Sadler is moving to a higher Hong Kong court that can hand out longer sentences for convictions, according to people familiar with the matter.

Hong Kong authorities plan to transfer the criminal proceedings to the District Court from a Magistrates’ Court that’s currently handling the case, the people said. The District Court can impose sentences of up to seven years in prison for convictions, compared with two to three years at the lower court. The plan is still subject to change, the people said, asking ...