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Sir John Key named in US insider trading case | 1News

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Former long-serving prime minister Sir John Key has been named in a US insider trading case, which he says has "no merit".

Directors and managers at multibillion-dollar cybersecurity company Palo Alto, based in California, are being sued by shareholders. 1News has viewed documents filed in the US District Court in California, which named Sir John alongside 12 others.

It’s being reported shareholders allege directors and managers sold off a large number of shares, and made false and misleading statements about the company’s products.

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Category
Australia
Tags
Sir John Key, USA, insider trading case
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