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Wolff unlikely to face action over insider trading allegations
Article To news overview © Mercedes Mercedes Team Principal Toto Wolff is set to be cleared of any wrongdoing after his purchase of shares in Aston Martin last year. Wolff purchased shares in Aston Martin Lagonda in April 2020, a 4.77% stake that was diluted to 0.95% due to rights issuance. The Austrian's purchase was made four months after Lawrence Stroll, a Canadian businessman and head of the Racing Point consortium that purchased the former Force India team in 2018, initially invested in Aston Martin, and a month after Stroll purchased 25 percent of the car company's stock. Wolff's purchase was also made in the same month that the company announced it would return to Formula 1 as a...
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2y ago from RacingNews365.com
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