Danisco results hack handed to public prosecutor

- Last updated on GMT

Related tags: Stock exchange

The Danish Financial Supervisory Authority has referred the availability of Danisco’s Q2 2009 results on a ‘blind’ URL prior to NASDAQ listing to the public prosecutor for investigation.

The availability of Danisco’s results on a blind url for a 40 minute period on 16 December 2009 was unintentional, according to the company, but it says unknown third parties exploited it via “ so-called URL-hacking”, which led to Reuters distributing some of the announcement ahead of the stock exchange announcement.

Danisco says it has corresponded with the Danish FSA about whether the possibility to download the results was a violation of Sections 27(a), 36 and/or 37 of the Danish Securities Trading Act. Danisco denies it is the case, but the matter will now transfer to the public prosecutor for further investigation.

The company said it will make no more comments to the press while the matter is pending.

Related topics: Business

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