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

U.S. Securities and Exchange Commission Obtains Asset Freeze in Smithfield Foods Inquiry

On June 5, 2013, the Securities and Exchange Commission obtained an emergency court order to freeze the assets of a trader in Bangkok, Thailand who, according to allegations in the SEC's civil complaint, allegedly made more than $3 million in profits by trading in advance of the announcement that Virginia-based Smithfield Foods, Inc. agreed to a multi-billion dollar acquisition by China-based Shuanghui International Holdings Limited. The order was signed by U.S. District Judge Matthew F. Kennelly of the U.S. District Court for the Northern District of Illinois. Read PDF »

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