Supreme Court on Hagen insider trading case

Grants | Legacy Digitization |
June 25, 1997
Elizabeth Stawicki - Reporter
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The U.S. Supreme court has reinstated the insider trading convictions of former Minneapolis attorney James O'Hagan. O'Hagan pocketed more than four-million-dollars in illegal stock trades after he learned through his law firm that Grand Metropolitan PLC planned a takeover of Pillsbury. Typically when a takeover announcement goes public, the stock of a target company soars. Pillsbury's stock climbed $21 a share when its takeover announcement went public. Minnesota Public Radio's Elizabeth Stawicki reports.

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