Patricia Hurtado, reporting for Bloomberg:
An ex-Samsung Electronics Co. manager, testifying at the
insider-trader trial of Primary Global Research LLC executive
James Fleishman, told jurors he disclosed confidential shipping
data for Apple Inc. iPad components.
Suk-Joo Hwang, who worked for 14 years at the U.S. division of
Suwon, South Korea-based Samsung, told jurors yesterday in
federal court in New York after he was granted immunity from
prosecution by U.S. District Judge Jed Rakoff, who’s presiding
over the case.
Note that Hwang is an ex-Samsung manager today. When he leaked this information, though, he was working there. If you’ve ever wondered how well it works with, on the one side, Samsung as a major component supplier for Apple, and on the other side, Samsung as a major Apple competitor and lawsuit target in the consumer electronics market — the answer seems to be “not too well”.
★ Thursday, 15 September 2011