Lone Star found guilty of stock price manipulation
Social affairsOct 6, 2011
Ex-Korean chief of U.S. firm sentenced to three years in jail A Seoul court on Thursday found Lone Star Funds and its former chief of its unit guilty of stock-price manipulation, overturning an acquittal in 2008. The Seoul High Court ruled that the Texas-based private equity fund and Paul Yoo rigged stock prices of Korea Exchange Bank’s credit card affiliate to help KEB absorb the unit at a low...