Two indictments unsealed last month in Boston’s federal court allege that a group led by a Russian cybersecurity executive stole early looks at unannounced earnings—making over $82 million trading ahead of unreleased announcements from Tesla , Microsoft , IBM , and over 165 other companies. But Vladislav Klyushin and his four co-defendants aren’t alleged to have hacked those companies.
Toppan Merrill acknowledged to Barron’s that it is one of the filing agents described in the indictments of the hacking ring. “Toppan Merrill has been cooperating fully with government authorities in support of their investigations in this matter,” the company’s general counsel Lisa Bilcik wrote in an email. “We have communicated with the limited set of customers whose information was allegedly accessed and used in the illegal trading scheme.” Toppan Merrill declined to comment further.
Nearly every public company now uses the software systems of three firms: Donnelley Financial, Toppan Merrill, or the Ames, Iowa–based Workiva . Barron’s queried the public companies whose announcements were alleged to have been stolen. Only Nielsen Holdings would comment, saying that the charges unsealed in December were its first notice of the alleged inside trading. Nielsen says it has asked for more information from its filing agent, Donnelley Financial.
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