Tuesday, July 31, 2007

Felderhof Acquitted

Former Bre-X geologist John Felderhof has been acquitted of all 8-charges of insider trading.

Felderhof was accused by the Ontario Securities Commission of selling $84 million worth of Bre-X stock between April and October 1996, while having information that was not disclosed to investors.

Despite the acquittals by the Ontario Superior Court, Felderhof remains beset by civil litigation.

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