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15%  
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  • BACKSTORY Billionaire George Soros says he didn't have insider knowledge in Societe Generale case

    01/09/2004 12:02:56 PM PST · by Liz · 40 replies · 911+ views
    AP Worldstream | 11/08/2002 | VERENA VON DERSCHAU
    BACKSTORY 11-08-2002 Dateline: PARIS American billionaire investor George Soros, on trial in a 14-year-old insider trading case, told a court Friday that he didn't have privileged information when he bought shares in French bank Societe Generale. Soros and two other businessmen are on trial at the Paris Criminal Court, accused of benefiting from insider knowledge when they bought the bank's stock in 1988 before a failed takeover that pushed up the price. "I have been in business all my life and I think I know what is insider trading and what isn't," said the president of Soros Fund Management, in...