John J. Halloran, Jr., P.C.

U.S. Securities and Exchange Commission Obtains Court Order Freezing Assets in Zurich-Based Trading Account. Securities and Exchange Commission v. Certain Unknown Traders in the Securities of H.J. Heinz Co., U.S. District Court, Southern District of New York, 13 Civ. 1080 (JSR).

On February 15, 2013, the United States Securities and Exchange Commission obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was allegedly used to reap more than $1.7 million from trading in advance of the public announcement about the acquisition of H.J. Heinz Company. The order was signed by U.S. District Judge Jed S. Rakoff of the Southern District of New York. Read PDF »

On February 22, 2013, Judge Rakoff signed an Order extending the effect of the freeze order for the pendency of the civil action. Read PDF »

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