The District Court has adjourned the insider dealing case against Segantii Capital Management, its director Simon Sadler, and former trader Daniel La Rocca to December 19, 2024. The defendants did not enter a plea during today’s hearing. They are charged with insider dealing related to a block trade in June 2017, initiated by the Securities and Futures Commission (SFC). Sadler and La Rocca were granted bail under specific conditions, including substantial cash bail amounts and restrictions on travel and contact with prosecution witnesses. No further comments will be made due to ongoing legal proceedings.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR167
