Jamdat Mobile Inc.
The Securities and Exchange Commission (SEC) has issued proceedings against a number of people arising out of the 2005/2006 sale of Jamdat Mobile Inc. to Electronic Arts Inc.
The Commission's complaints allege that throughout autumn 2005, Benjamin Jones ("Ben Jones"), a former vice president of sales at Jamdat, was kept up to date on the status of Jamdat's discussions for it to be bought by Electronic Arts, and that he tipped several friends and his brother, William Jones, III ("Bill Jones"), who in turn bought Jamdat stock.
According to the complaints, Bill Jones also tipped the information to his friend, William Dailey, III, a former securities trader, and Dailey bought Jamdat stock for his own account based on that tip.
The defendants allegedly made more than $430,000 in profits based on these tips.
If you were an owner of Jamdat Mobile stock, you are encouraged to contact the law firm of Audet & Partners to protect your legal rights. The call is free and there is no obligation. Please call 800.965.1461 or fill out the simple form on the right side of this page.
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