Daily News: June 2, 2014

GE Capital Employee Found Not Liable in SunSource Case

Reuters reported the SEC suffered a loss when a jury cleared a hedge fund manager and two others accused of engaging in a $1.3 million insider trading scheme in 2001 involving a takeover of industrial product supplier SunSource.

Reuters said that one of the accused, Thomas Strickland, a former employee of GE Capital who worked on the deal, was found not liable on insider trading charges.

Reuters noted that GE Capital was a lender to SunSource on the deal.

To read the entire Reuters article, click here.