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10/26/2006
Unipol CEO Amongst Convicted on Insider Trading Charges
Unipol CEO, Giovanni Consorte, former vice president Ivano Sacchetti and company financier Emilio Gnutti were convicted this week in a Milan, Italy court in relation to insider trading at the Italian insurer. The insider trading charges stemmed from a 2002 bond buyback at the firm. While appeals are expected, the trio also face separate charges relating to another transaction.

Details here.

-- MDT

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