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Scheme took place before company went private in 2008.
December 15, 2010
By: TOM BRANNA
Editor
Four people were charged with involvement in insider trading in the period before Groupe Clarins was taken private in 2008, according to the French market regulator AMF. Fines range from 10,000 euros to 650,000 euros, or $13,414 to $871,783 at current exchange. In late June 2008, the Courtin-Clarins family announced its plan to initiate a tender offer to take Clarins off the stock market, where it had been traded for 24 years. The tender offer took place from Aug. 6, 2008, to S...
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