NEW YORK Feb 15 U.S. securities regulators on
Friday sued unknown traders over suspected insider trading in
H.J. Heinz Co call options ahead of the announced buyout
of the company.
The lawsuit said the options generated more than $1.7
million in unrealized profit before the ketchup maker on
Thursday agreed to a $23 billion buyout by Warren Buffett's
Berkshire Hathaway and private equity firm 3G Capital
The U.S. Securities and Exchange Commission also said it had
won an emergency court order to freeze assets in a Zurich,
Switzerland-based trading account used to reap the alleged
The lawsuit was filed in U.S. District Court in Manhattan.