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Citadel Securities Seeks to Join Rival Susquehanna’s Insider-Trading Lawsuit, Claims $28 Million Loss
Citadel Securities filed a motion to join a suit brought by rival Susquehanna over alleged options trading ahead of a Chinese regulatory action. The firm reported $28 million in losses from the scheme.
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Citadel Securities asked to join a lawsuit filed by rival Susquehanna over an alleged insider-trading scheme that involved options bets placed ahead of a Chinese regulatory crackdown. The firm stated it lost $28 million as a result of the scheme. Susquehanna has claimed the same activity generated more than $100 million in profits.
Citadel Securities said it was a victim of the identical alleged scheme described in the existing suit.
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