A federal judge in Manhattan on Thursday rejected requests by a Standard & Poor's credit ratings analyst and a friend to dismiss criminal insider trading charges related to the $9.3 billion merger of paint makers Sherwin-Williams Co and Valspar Corp. U.S. District Judge Jed Rakoff said the indictment's failure to allege that the analyst Sebastian Pinto-Thomaz and Jeremy Millul, a jeweler in Manhattan's Diamond District, shared a "meaningfully close personal relationship" didn't matter because it said Pinto-Thomaz had an "intention to benefit" Millul.
https://www.reuters.com/article/usa-insidertrading-sherwin-williams/sp-analyst-must-face-insider-trading-charges-over-merger-of-paint-makers-idUSL1N1YB1QH?feedType=RSS&feedName=mergersNews
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