A California federal court has entered a final judgment in the US Securities and Exchange Commission's insider trading case against billionaire Andreas"Andy" Bechtolsheim, co-founder of Sun Microsystems and founder of Arista Networks.
After supposedly learning of the pending transaction, Bechtolsheim, chief architect at Arista, is alleged to have traded Acadia options contracts in the accounts of an unidentified close relative and an associate just minutes before the market closed on July 8, 2019.Acacia for $70 per share."That day, Acacia’s stock price increased by 35.
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