Tuckers’ insider trading client – Acquitted
Tuckers’ client, Mr Sappal, was the only defendant acquitted in a trial relating to insider dealing, which has just concluded at the Old Bailey.
Senior Partner, Richard Egan and the Special Casework team acted for Mr Sappal on a private basis in one of the rare cases brought by the FCA for insider dealing. The prosecution alleged that the 3 defendants were involved in a plan to make illegal profits from share dealing on secret information obtained by an insider on the board at Logica- a multinational IT and management consultant agency- shortly before the business was the subject of a takeover by CGI Group Holdings Ltd, netting the defendants massive profits.
Mr Sappal was acquitted by the jury, with his co-Defendants now due to be sentenced on 13 January 2017.