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Stock impact report

Joe Lewis: How one of Britain's richest people broke insider trading laws [Yahoo! Finance]

Solid Biosciences Inc. (SLDB) 
Last solid biosciences inc. earnings: 8/14 07:25 am Check Earnings Report
US:NASDAQ Investor Relations: investors.solidbio.com/investor-relations
Company Research Source: Yahoo! Finance
This is the story of how his plan to enrich his lovers, friends, and employees unravelled. The pilot had just touched down in Orlando when he texted a friend with a hot tip: "Boss is helping us out." The "boss" he was referring to was British tycoon Joe Lewis, and the helping hand was a loan of half a million dollars. And it came with juicy stock advice: buy shares in a pharmaceutical company that was about to announce positive results for a new cancer drug. Two weeks later, the pilot texted again, noting "the Boss has inside info" and "knows the outcome". He was right - the company's stock price jumped more than 16%. The pilot cashed out and repaid the "Boss". But there was one big hitch. The whole scheme was illegal. One of Britain's richest men, the 87-year-old Lewis pleaded guilty to insider trading as part of an agreement with prosecutors in January. At a hearing in Manhattan on Thursday, he was fined $5m (£4m) and sentenced to three years of probation, avoiding pr Show less Read more
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