Canyon Bridge Founder’s Insider Trading Conviction Upheld

The co-founder of Chinese private equity firm Canyon Bridge Capital Partners is stuck with an insider trading conviction after the Second Circuit rejected his arguments Tuesday about the sufficiency of the evidence against him.

Prosecutors successfully accused Benjamin Chow of tipping a friend about Canyon Bridge’s planned acquisition of Lattice Semiconductor Corp. He argued that the government didn’t prove he owed Lattice a duty that would support the insider trading charges, but there’s “no basis for disturbing the jury’s determination of Chow’s guilt,” the U.S. Court of Appeals for the Second Circuit said.

Chow signed two nondisclosure agreements with ...