TITLE

Fund manager indicted in Livedoor case

AUTHOR(S)
Schilling, Mark
PUB. DATE
June 2006
SOURCE
Daily Variety;6/26/2006, Vol. 291 Issue 60, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that investment advisor Yoshiaki Murakami has been indicted by the districts prosecutors in Tokyo, Japan on suspicion of insider trading in Nippon Broadcasting System (NBS) Inc.'s stock. She had allegedly spent $86 million on 1.93 million shares of Nippon after learning that Livedoor Co. Ltd. intended to purchase at least a 5 percent stake as part of a takeover bid of Fuji Television Network Inc., parent company of NBS. As estimated by prosecutors, Murakami's fund scored a $26 million dollar profit.
ACCESSION #
21389745

 

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