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Benzinga
Benzinga
Business
Ananya Gairola

Samsung Chairman Jay Y. Lee Acquitted Of Stock Manipulation By South Korea's Supreme Court

Jay Y Lee South Korea Samsung SSNLF Nasdaq
Samsung

On Thursday, South Korea's Supreme Court cleared Samsung Electronics (OTC:SSNLF) chairman Jay Y. Lee of stock manipulation and accounting fraud charges related to a 2015 merger, ending a nearly decade-long legal battle.

What Happened: The ruling upholds a lower court decision that dismissed all charges against Lee involving the $8 billion merger between Samsung C&T and Cheil Industries, reported Reuters.

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