Deals
SEC Wins Asset Freeze After Heinz Traders Fail to Appear
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A U.S. judge froze a Goldman Sachs Group Inc. account that regulators say was used to make suspicious trades in H.J. Heinz Co., after unknown traders failed to appear in court to defend their claims to the assets.
When the unidentified traders didn’t show up at a hearing yesterday in Manhattan, U.S. District Judge Jed Rakoff said he would grant the U.S. Securities and Exchange Commission’s request to freeze the Goldman Sachs account in Zurich until the case is resolved.