Monday, March 28, 2011

Supreme Court Softens Market Abuse Verdict

kaupthinghead_ipa-sjoThe Supreme Court of Iceland confirmed yesterday the main aspects of the Reykjav�k District Court?s verdict that two former Kaupthing Bank employees are guilty of market abuse by having created false demand for commercial papers in Exista. However, the sentence was shortened from eight to six months unprobational.

Source: http://icelandreview.com/icelandreview/daily_news?cat_id=29314&ew_0_a_id=375674

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