Sonova execs resign following insider trading inquiry

Comments (0) | 30 Mar 2011 | Rating | Print by Tim Human

Hearing aid manufacturer’s top team quits after report finds failings of internal processes

Sonova Holding’s chairman, chief executive and CFO all resigned today after an independent investigation found insiders traded shares in the lead-up to a profit warning.

The investigation, conducted by law firm Homburger, said the company had failed to enforce a blackout period in the trading of shares and options ...

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