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Story summary
- Simon Sadler and Daniel La Rocca pleaded not guilty in Hong Kong District Court.
- The Hong Kong Securities and Futures Commission alleges the two men sold Esprit Holdings shares after a June 2017 notice, with Tony Psarianos—who told La Rocca about a 190 million-share deal—scheduled to testify on May 11 and May 12.
- The case forced the shutdown of Segantii’s $5 billion fund while a 25-day trial set to conclude on June 8 carries seven-year prison term.
