A former analyst who worked on the 2016 Sherwin-Valspar deal and one of the friends he allegedly tipped ahead of it can’t get their indictment dismissed, a judge said Dec. 6.
Sebastian Pinto-Thomaz, the alleged tipper, and Jeremy Millul, the alleged tippee, can’t get their indictment for insider trading dismissed because it “expressly alleges that Pinto-Thomaz had an ‘intention to benefit’ Millul” and that’s sufficient, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York said.
Pinto-Thomaz can’t get his iPhone—seized as evidence—back either, the judge said.
The Justice Department accused Pinto-Thomaz of ...
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