SiliconBeat

The former president and chief executive of Genesis Microchip and a friend of his were charged by the Securities and Exchange Commission with insider trading in the company’s shares in the midst of confidential merger negotiations between Genesis and STMicroelectronics, one of the world’s largest semiconductor companies.

Genesis CEO and San Jose resident Elias Antoun allegedly bought shares of his companies stock in the brokerage accounts of a relative and a friend shortly after the company received a letter of intent Read the rest of this entry »