That tip to Matthew Teeple, along with prior tips about sales figures at Foundry that Riley allegedly supplied his friend, enabled the San Francisco-based hedge fund to earn $39 million, prosecutors said.
Matthew Teeple, 43, pleaded guilty in May to conspiracy tocommit securities fraud, weeks before he was to go on trial withDavid Riley, Foundrys ex-chief information officer. Riley wasconvicted by a federal jury in Manhattan on Oct. 2 for leakingdata to Teeple.
Dennis also allegedly got illicit information from Matthew Teeple, a former analyst at Artis Capital Management. According to the SEC, Teeple, who is facing criminal charges, tipped Dennis about Foundry.
Date: Mar 14, 2014
Category: Business
Source: Google
Public Fund CIO Pleads Guilty in Insider Trading Scheme
According to SEC documents, a business acquaintance of Johnson's named in the suits as Matthew Teeple informed Johnson in advance of the public announcement that technology company Foundry Networks was to be acquired by Brocade, a Delaware-based data and networking product provider. Teeple w
When David Riley and Matthew Teeple chose to traffic in inside information involving high-tech companies, they embarked on a high-stakes game that has repeatedly proven to be unwinnable, said Preet Bharara, the U.S. attorney in Manhattan.
Date: Mar 28, 2013
Category: Business
Source: Google
Calif. Hedge Fund Analyst Arrested For Insider-Trading
Prosecutors said that Matthew Teeple, an analyst for an unidentified San Francisco hedge fund, was told of Foundry Networks' impending acquisition by Brocade Systems in 2008 by Foundry's then-chief information officer, David Riley. Both men were charged with conspiracy and securities fraud and face
Date: Mar 27, 2013
Category: Business
Source: Google
2 men charged in NY in $27M insider trading scheme
, that made networking hardware before it was acquired by Brocade Communications Systems Inc. for about $3 billion in December 2008, and analyst Matthew Teeple, 41, of San Clemente, Calif. Each was charged in federal court in Manhattan with conspiracy to commit securities fraud and three counts of s
Date: Mar 27, 2013
Category: Business
Source: Google
Prosecutors announce three new defendants in insider trading probe
Authorities said David Riley, a former chief information officer at Foundry Networks, leaked tips about the companys pending $3 billion takeover in 2008 by Brocade Communications Systems to hedge fund analyst Matthew Teeple.