Dean Foods Settles Insider Trading Disputes for $8.88 Million – eDairyNews
United States |12 agosto, 2020

Dean foods | Dean Foods Settles Insider Trading Disputes for $8.88 Million

Settlement with Billy Walters resolves three legal proceedings
Restitution payment to benefit bankrupt estate

Bankrupt Dean Foods Co. has settled its legal disputes with William T. “Billy” Walters and will receive $8.88 million in restitution from the Las Vegas sports gambler, who conspired with the milk producer’s former chairman to conduct insider trading.

The proposed settlement requires approval from the U.S. Bankruptcy Court for the Southern District of Texas, which is handling Dean Foods’ Chapter 11 case.

The settlement, filed Monday, would resolve all legal disputes between the company and Walters, who was convicted in 2017 for masterminding a six-year insider trading scheme with former Dean Foods Co. Chairman Tom Davis.

Read the full article here

Topics |
Legal notice on Intellectual Property in digital content

All information contained in these pages that is NOT the property of eDairy News and is NOT considered "in the public domain" by legal regulations, are trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the norms contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable norms.

Any claim arising from the information contained on the eDairy News website will be submitted to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentine Republic, with a seat in the City of Córdoba, to the exclusion of any another jurisdiction, including the Federal.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Related news