U.S. Indictment Charges 9 Persons with Computer Hacking and Securities Fraud

On August 11, 2015, U.S. law enforcement officials announced the unsealing of indictments in the U.S. District Court for the Eastern District of New York and Newark, New Jersey, charging nine persons in two indictments with an international scheme to hack into three business newswires and steal yet-to-be published press releases, containing non-public financial information that was then used to make trades that allegedly generated approximately $30 million in illegal profits.