A Reuters story Thursday afternoon quotes a Dow Jones & Co. spokesman as saying that the owner of The Wall Street Journal is not investigating one of its board members to determine if he is the source of a leak about its $5 billion offer from News Corp. before it became public knowledge.
The spokesman said, “There is no internal investigaton of David Li.”
The story also stated, “The SEC on Tuesday said Kan King Wong and Charlotte Ka On Wong Leung ‘engaged in widespread and unlawful trading activity’ that put them in a position to make an estimated $8.1 million profit on Dow Jones shares.
“The Wall Street Journal reported on Wednesday that the SEC was expected to pursue a connection to Dow Jones director Li. The paper said Li and Leung share a history of business and social dealings.
“Li in the Journal said: ‘I did not disclose to anyone, not even my wife, any information about Dow Jones.'”
Read more here.
