Hedge Fund and Insider Trading News: Tom Steyer, Jim Simons, Tyrus Capital, Saba Capital Management, Deere & Company (DE), Childrens Place Inc (PLCE), and More

SEC Obtains $3 Million Settlement in Insider Trading Action (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has announced settled insider trading charges against two Oklahoma oil and gas executives who engaged in insider trading in a medical device company and generated more than $1.5 million in illicit profit. The SEC’s complaints, filed in the U.S. District Court for the Western District of Oklahoma, allege that Oklahoma oil and gas executive John Kenneth Davidson learned of a potential merger involving medical device company Covidien PLC from his personal friend and neighbor, a member of Covidien’s board of directors. According to the complaint, Davidson ignored a warning from the director that he should not trade on this information and purchased Covidien shares.

Deere (DE) CEO & President John C May Ii Sold $2.3 million of Shares (Guru Focus)
CEO & President of Deere., John C May Ii, sold 13,187 shares of DE on 12/16/2019 at an average price of $173.83 a share. The total sale was $2.3 million. Deere & Co is engaged in manufacturing agricultural, construction, turf, and forestry machinery. It also provides secured and lease-based financing to support dealer inventory and customer purchases.

The President & CEO of Children’s Place (NASDAQ: PLCE) is Buying Shares (Analyst Ratings)
Today, the President & CEO of Children’s Place (PLCE), Jane Elfers, bought shares of PLCE for $1.01M. Following this transaction Jane Elfers’ holding in the company was increased by 7.12% to a total of $14.74 million.

Norwegian Police Charge Hexagon CEO with Insider Trading (Reuters)
OSLO, March 15 (Reuters) – Norwegian police have charged Ola Rollen, the chief executive of Swedish measurement technology firm Hexagon AB, with insider trading, the country’s white-collar crimes unit said on Wednesday. Rollen, one of Sweden’s most successful chief executives, is accused of insider trading in connection with an investment in Norwegian company Next Biometrics ASA in October 2015, a transaction that did not involve Hexagon.

Mobileye Insider Trading Defendants to Pay $6 Million (CalcalisTech.com)
The insider trading case involving Israeli automotive chipmaker Mobileye will end up costing the defendants $6 million in exchange for not admitting guilt, according to settlement agreement documents filed in a New York court last week and reviewed by Calcalist. The fine is more than six times the profit the defendants allegedly collected. Calcalist first reported on the brewing settlement in early November.