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Mar 26, 2024 · Acacia’s stock price rose by 35.1 percent in response to the news, which allowed Bechtolsheim’s trading to generate nearly $416,000 in illegal profits, the agency said.
Mar 26, 2024 · Bechtolsheim, by trading in the two accounts, made total profits of $415,726, the SEC claims. Cisco completed its $4.5 billion acquisition of Acacia in March 2021.
Mar 26, 2024 · Billionaire Andreas Bechtolsheim, the cofounder of Arista Networks, agreed Tuesday to settle charges filed by the Securities and Exchange Commission, which alleged the tech executive benefitted...
- Ty Roush
Mar 26, 2024 · Immediately after learning this information, Bechtolsheim allegedly traded Acacia options in the accounts of a close relative and an associate. The next day, July 9, 2019, before the market opened, Acacia and Cisco announced that Cisco had agreed to acquire Acacia for $70 per share.
Mar 27, 2024 · According to the SEC’s complaint, Bechtolsheim misappropriated material nonpublic information regarding the impending acquisition of Acacia Communications, Inc., a manufacturer of highspeed...
Jun 3, 2024 · The SEC alleged in a complaint [PDF] filed on March 26, 2024 that in 2019 Bechtolsheim profited illegally from insider knowledge that Cisco was about to buy Acacia Communications, a maker of optical networking gear.
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Mar 26, 2024 · The SEC alleged that Bechtolsheim, who was Arista's chair at the time, learned of Acacia’s potential acquisition on July 8, 2019, through his and Arista's longstanding relationship with another...
