Monday November 14, 2016

Ubisoft Executives Investigated For Insider Trading

It would seem that a handful of Ubisoft executives, including the CEO, are being investigated by Canada's Autoritأ© des marchأ©s financiers for alleged insider trading. The article is in French, here's a translated quote:

Specifically, the three leaders have conducted transactions in the weeks prior to the announcement on 15 October 2013, the postponement of the launch of the game Watch Dogs , developed in Montreal, and The Crew . This announcement had collapsed the title of Ubisoft, who had lost 26% the next day. The French AMF suspected of acting quickly before the announcement. In the case of Mr. Mallat, the transaction took place three weeks before the announcement, on 25 September. He said he had learned the discount Watch Dogs as October 11.

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