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16 hours ago · A California federal court has entered a final judgment in the US Securities and Exchange Commission's insider trading case against billionaire Andreas "Andy" Bechtolsheim, co-founder of Sun Microsystems and founder of Arista Networks. The SEC alleged in a complaint [PDF] filed on March 26, 2024 that in 2019 Bechtolsheim profited illegally from ...
4 days ago · Bechtolsheim is the co-founder of Arista Networks, a Santa Clara, California-based company that provides cloud networking services for clients, including Microsoft. The publicly traded company...
15 hours ago · Without admitting or denying the allegations in the SEC’s complaint, Bechtolsheim consented to the entry of the judgment which enjoins him from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, bars him from serving as an officer or director of a public company for five years ...
1 day ago · A California federal court has entered a final judgment in the US Securities and Exchange Commission's insider trading case against billionaire Andreas "Andy" Bechtolsheim, co-founder of Sun Microsystems and founder of Arista Networks. The SEC alleged in a complaint [PDF] filed on March 26, 2024 that in 2019 Bechtolsheim …
3 days ago · (One of their first investors was Andy Bechtolsheim, a cofounder of Sun Microsystems, Inc.). They ultimately raised about $1 million from investors, family, and friends and set up shop in Menlo Park , California, under the name Google, which was derived from a misspelling of Page’s original planned name, googol (a mathematical term for the ...
5 days ago · The trial begins just a couple weeks after the 25th anniversary of the first investment in the company, a $100,000 check written by Sun Microsystems co-founder Andy Bechtolsheim that enabled Page ...
15 hours ago · Now approved by the court, the deal prohibits Bechtolsheim from serving as the officer or director of a public company for five years and imposes a civil penalty of $923,740. That's about twice what he - allegedly - made through trading Acacia options. Bechtolsheim, 68, has an estimated net worth of about $18 billion. So the penalty - for ...
