Not a huge one like Galleon, but more indication that there’s a huge culture of leaking deal news.
Bloomberg: Two former employees at Lazard Freres & Co. and buyout firm TPG leaked confidential information about pending corporate acquisitions as part of a “serial insider-trading scheme” that generated almost $500,000, the U.S. Securities and Exchange Commission said in a lawsuit.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.