Former Fiat advisers found guilty of misleading market
By Gianni Montani | February 22, 2013 5:42 AM EST
An Italian appeals court has handed two former Fiat
Thursday's decision by Turin judges overturned a 2010 verdict by a lower court that had found the two advisers, lawyer Franzo Grande Stevens and former Agnelli family holding company executive Gianluigi Gabetti, not guilty.
Both men, who protested their innocence, were ordered to pay a fine of 600,000 euros ($793,300) each and were sentenced to 1 year and 4 months in jail, although the sentences were suspended meaning that neither of them will spend time in jail.
(Reporting by Jennifer Clark and Gianni Montani; Editing by Mark Potter)
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- 5 Proofs Russia is Geared-Up for Shooting War with U.S. and Can Win Future Nuclear Showdown
- Target’s ‘Surprise Doorbusters’ Black Friday 2014 Deals On TV Sets, Entertainment Centres, DVD Players And More
- IKEA Black Friday 2014 Ad Includes Discounts On Home Furnishings, Appliances, Kitchen Designs, Beds, Sofas, Mattresses And Toys
- T-Mobile’s Black Friday 2014 Deals On Apple iPhone 6, Samsung Galaxy Note 4/Edge, Nexus 6, HTC One M8, LG G3, iPad Air 2 And Mini 3
- ISIS Drug Transit From Afghanistan To Europe Confirmed By Russia: Money Goes Into Terror Funding And In New Recruitments
- Bill Clinton At It Again, Caught By Camera In Jerusalem Peeking At Woman’s Breast
- Revealed: Vladimir Putin Plotting To Invade Europe – Report