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High Court upholds not guilty verdict in OBI Pharma case

High Court upholds not guilty verdict in OBI Pharma case
Staff writer, with CNA
The High Court yesterday upheld a not-guilty ruling in an insider trading case involving OBI Pharma chairman Michael Chang (張念慈) and four of the company’s executives.
The high court upheld the Shilin District Court’s ruling in June 2019 that there was insufficient evidence showing that Chang, general manager Amy Huang (黃秀美), former vice chairman Hsu Yo-gung (許友恭), research and development director Yu Cheng-te (游丞德) and administration division manager Liao Tsung-chih (廖宗智) committed insider trading.
The ruling can be appealed.
Taiwan High Court criminal division spokeswoman Liu Fang-tsu talks to the media about a ruling involving OBI Pharma Inc at a news conference in Taipei yesterday. ....

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High court upholds ruling in OBI Pharma insider trading case

High court upholds ruling in OBI Pharma insider trading case
01/26/2021 03:44 PM
A Taiwan High Court spokesperson holds a press conference on the ruling. CNA photo Jan. 26, 2021
Taipei, Jan. 26 (CNA) The Taiwan High Court on Tuesday upheld a lower court s not-guilty ruling in an insider trading case involving OBI Pharma Chairman Michael Chang (張念慈) and four other company executives.
The high court upheld the Shilin District Court s ruling in June 2019 that there was insufficient evidence showing that Chang, general manager Amy Huang (黃秀美), former vice chair Hsu Yo-gung (許友恭), research and development director Yu Cheng-te (游丞德) and administration division manager Liao Tsung-chih (廖宗智) committed insider trading. ....

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