Reported 12 months ago
The insider dealing case against Segantii Capital Management in Hong Kong, involving founder Simon Sadler and former trader Daniel La Rocca, has been adjourned to October 15 following a District Court hearing where no pleas were entered. The case, accused of trading shares of Esprit Holdings before a block trade in 2017, has been moved from a magistrates' court in June, and the defendants are reviewing unused materials related to the case. This legal action is one of the city’s highest-profile cases against a major hedge fund firm, with the trio alleged to have received inside information for the trade.
Source: YAHOO