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Wolff, Stroll cleared after insider trading probe
Aug.26 Financial authorities have cleared Toto Wolff and Lawrence Stroll amid reports they were under investigation for a recent transaction involving Mercedes and Aston Martin. After Wolff bought into Aston Martin last year with a personal 1 percent stake that is now worth $36 million, Mercedes followed suit by upping its stake to 20 percent. Then, Mercedes-AMG chief Tobias Moers was appointed Aston Martin's new CEO, with the developments prompting the opening of a financial probe into the affair by BaFin – Germany's federal financial authority. 'The reason for this review is the possible suspicion of insider trading,' said Jean-Francois Cloutier, correspondent for Le Journal de...
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2y ago from OneStopStrategy.com
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