LY (TYO:4689) said the Securities and Exchange Surveillance Commission (SESC) recommended an administrative monetary penalty payment order against a former employee of its overseas subsidiary, according to a Friday filing on the Tokyo Stock Exchange.
The employee allegedly purchased shares of Demae-can (TYO:2484) based on non-public information before LINE Corporation's March 26, 2020, disclosure regarding a share acquisition and capital alliance with Demae-can.
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