We have covered these narrative lines, for going on five years — the various insiders caught trading at or around the time of the merger.
Back in February of 2015, we reported that a plea deal was in the works, for the last defendant. It is now final — and will result in at least three years of jail time. The bit — from Bloomberg, here:
. . . .A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp. . . .
To be clear, as ever, 99.99 per cent of all those working at Merck are able, honest and above reproach. It is always just one or two bad apples, in the proverbial Fall bobbing-barrel. Enjoyin’ all the magnificent fall foliage, now. . . Out!
Leave a Reply