David Blecken
Oct 29, 2018

Former ADK staffer investigated for insider trading: report

A former executive of the company is said to have used information on Bain Capital's takeover bid to facilitate a share trade.

The location of ADK's Tokyo office (Shutterstock)

A former employee of ADK is under investigation for insider trading linked to Bain Capital’s acquisition bid last year, according to a report by a Japanese publication.

The Mainichi newspaper reported that the executive is alleged to have leaked information on Bain’s bid to an acquaintance before the deal became public. The acquaintance reportedly used the information to profit from selling ADK shares.

The report did not include names.

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