Iliad's executive Lombardini fined EUR 600,000 for insider trading

Monday 29 April 2019 | 13:12 CET | News
The French financial market authority (AMF) has inflicted fines for insider trading to telecom group Iliad and its chairman Maxime Lombardini, following an investigation linked to the company's attempted takeover of T-Mobile USA in 2014. Lombardini has been ordered to pay EUR 600,000 for misconduct committed when he was CEO of Iliad. In March, the regulator had recommended a EUR 1 million fine for the executive, based on accusations that he sold shares in the company just a few weeks before Iliad's bid for a majority stake in T-Mobile USA.

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Categories: General
Companies: Iliad
Countries: France
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