The Vault · 2026-05-05 10:01:40 · Bloomberg Markets
Segantii Capital Management founder Simon Sadler has accused investment bankers of botching a block trade in Esprit Holdings Ltd. at the same time his firm was actively shorting the fashion retailer's shares, according to testimony heard in a Hong Kong court on Tuesday. The allegation raises questions about potential c...
The Vault · 2026-05-08 11:24:40 · Bloomberg Markets
Bank of America Corp. did not hold a formal mandate to execute a block trade in Esprit Holdings Ltd. at the time its representatives spoke with Segantii Capital Management about the transaction, according to testimony delivered during the hedge fund's insider trading trial. The revelation emerged from a prosecution wit...
The Vault · 2026-05-11 12:40:32 · Bloomberg Markets
Bank of America Corp. adopted new block-trade guidelines months after a share transaction became the focal point of an ongoing criminal trial in Hong Kong, a court heard Monday. The timing of the policy shift raises questions about what the bank knew about the Esprit Holdings deal and when it knew it.
The revised prot...