(Reuters) A U.S. appeals court on Thursday rejected the appeal of a former executive of Foundry Networks Inc who was sentenced to 6-1/2 years in prison after being convicted for leaking inside information about the company to a hedge fund analyst.David Riley, Foundry’s former chief information officer, had argued his conviction should be reversed in light of a major appellate court ruling that limited the scope of insider trading laws.
Ex-Foundry Executive Loses U.S. Insider Trading Appeal
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