No Insider-Trading Charges Against Boussard

Jun 22 2012 | 11:55am ET

Boussard & Gavaudan and co-founder Emmanuel Boussard have been cleared of insider-trading allegations by French regulators.

The Autorité des Marchés Financiers has ended a two-year probe into the hedge fund. The hedge fund said at the time it began that it involved a single €1.06 million transaction, but offered no further details.

Boussard and the firm have always denied any wrongdoing, saying that they believe their "conduct has been and remains in conformity with market regulations."

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