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CNN —The Georgia Court of Appeals will consider an effort by Donald Trump and his co-defendants to disqualify District Attorney Fani Willis from the 2020 election subversion case. In a brief order Wednesday, the court said it will hear the appeal from Trump and others challenging the ruling from Judge Scott McAfee that allowed Willis to remain on the case. No trial date has been set in the sprawling election subversion conspiracy case against Trump, and the decision to consider the appeal is another sign that pre-trial efforts to delay a trial are succeeding. Tuesday, a federal judge in Florida indefinitely postponed Trump’s trial on mishandling classified documents at his Mar-a-Lago estate. Willis testified that she paid Wade back for the expenses in cash.
Persons: Donald Trump, Fani Willis, Trump, Scott McAfee, Willis, Willis ’, Steve Sadow, , Fulton County DA Willis, , Nathan Wade, Wade, McAfee, Weeks, McAfee’s, Willis “, flagrantly Organizations: CNN, Trump, Appeals, Fulton County Locations: Georgia, Florida, Lago, Fulton
Trial date: Delayed indefinitely. On Tuesday, Cannon scratched the planned May trial date and did not pencil in a new one. Trial date: Delayed indefinitely. Trump’s effort to disqualify the prosecutor in Georgia continuesIndictment: August 14, 2023. Trial date: Delayed indefinitely.
Persons: Donald Trump’s, Disproving, Trump, Aileen Cannon, Cannon, Jack Smith, Trump’s, Ty Cobb, CNN’s Erin Burnett, , ” Cobb, Burnett, Cobb, , Smith, Fani Willis, shouldn’t, Judge Scott McAfee’s, Willis, Stormy Daniels, Daniels, Michael Cohen, Cohen Organizations: CNN, Trump, National Archives, White, Court, Seal, The Georgia, Appeals, New Locations: New York, New York , Florida, Georgia, Washington, DC, Florida, Washington ,, Fulton County
Fani Willis, the district attorney of Fulton County, Georgia, photographed on Sept. 20, 2022, and former President Donald Trump, photographed on Aug. 8, 2023. A Georgia appeals court Wednesday agreed to hear a bid by Donald Trump to disqualify Fulton County District Attorney Fani Willis from the former president's criminal election interference case. Trump still faces 10 criminal counts in Willis' case. That order grants Trump's application to appeal McAfee's disqualification ruling while Willis' case is ongoing. The appeals court gave Trump 10 days to file the notice of appeal.
Persons: Fani Willis, Donald Trump, Scott McAfee, Willis, Trump, Joe Biden, Steve Sadow, Fulton County DA Willis, Nathan Wade, Wade, McAfee Organizations: Fulton, Trump, Fulton County, Georgia, McAfee, Trump —, NBC Locations: Fulton County , Georgia, Georgia, Fulton County, Georgia's
At least, that's what a new report by social-media-management-and-analytics company Sprout Social found. The April report from Sprout Social also broke down the average amount influencers charge for sponsored posts — with most charging at least $250 — consumer and creator views of AI influencers, and more. Sprout Social breaks down how much the influencers surveyed in February charged for sponsored content. Many of the influencers surveyed said creating long-form videos takes more time and doesn't usually pay off in terms of engagement. Meanwhile, many of the influencers surveyed (49%) said they were afraid virtual influencers would take paid opportunities away from humans .
Persons: hasn't, they'd, Gen, Scott Morris, TikTok, Gen Zers, Sprout, , influencers, Zers, Gen Z, Jessica Morrobel Organizations: Social, Sprout Social, Business, Sprout, Facebook
Fulton County District Attorney Fani Willis attends a hearing on the Georgia election interference case, March 1, 2024, in Atlanta, Georgia, U.S. A California man was indicted by a federal grand jury in Atlanta on charges of threatening Fulton County District Attorney Fani Willis, the U.S. Attorney's Office for the Northern District of Georgia announced Friday. The indictment detailed more threats Schultz made, including, "FANI WILLIS WILL BE DEAD IN 2024," and other threats using racial slurs. In a statement released by Willis' office, she referenced GOP state Sen. Bill Cowsert, who is leading an investigation of Willis' office. In March, Fulton County Superior Court Judge Scott McAfee ruled Willis could continue prosecuting the case, but she and Wade could not work on it together.
Persons: Fani Willis, Willis, Nathan Wade, Donald Trump, Mark Schultz, Schultz, FANI WILLIS, Trump, Keri Farley, Sen, Bill Cowsert, Ryan Buchanan, Wade, Scott McAfee Organizations: U.S, Attorney's, Northern, Northern District of Georgia, Department of Justice, American, United States Attorney, FBI, African American, Trump Locations: Fulton County, Georgia, Atlanta , Georgia, U.S, California, Atlanta, Northern District, Chula Vista
Microsoft's OpenAI investment may have been prompted by concerns over Google's AI progress. In a 2019 email, a Microsoft exec said he was "very, very worried" about Google's AI capabilities. AdvertisementIn 2019, Microsoft became "very, very worried" about Google's AI capabilities, newly unearthed emails show, and that may have been what spurred it to invest in OpenAI. In one lengthy email, Microsoft's chief technology officer Kevin Scott told Satya Nadella and Bill Gates that Google's AI-powered "auto-complete in Gmail" was "getting scarily good." Related storiesIn 2019, Microsoft made an initial $1 billion investment into its now multi-billion partnership with OpenAI.
Persons: , Kevin Scott, Satya Nadella, Bill Gates, Nadella, Amy Hood, Bard, Scott, OpenAI, BERT Organizations: Microsoft, Google, Service, Department, Business, OpenAI, Bing Locations: OpenAI
Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon
Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.
Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S
Dana White’s diplomatic ambitions were clear, if complicated: Un-cancel Bud Light. As the chief executive of the Ultimate Fighting Championship, Mr. White was the arena-filling, Trump-loving, perpetually smirking public face of a multi-billion-dollar sport. more than 15 years earlier, was plainly hoping that a renewed affiliation might help its cause. Publicly, Mr. White appealed to friends across the conservative media, defending Bud Light’s parent company in interviews with Sean Hannity, Tucker Carlson and Charlie Kirk. “The fact that Anheuser-Busch wants to be in business with me?” Mr. White said, arguing that this alone demonstrated the success of the backlash.
Persons: Dana, Bud, White, , , Bud Light, Bud Light’s, Sean Hannity, Tucker Carlson, Charlie Kirk, , Mr Organizations: Trump, Anheuser, Busch
CNN —Qatar Airways has avoided a lawsuit over an incident in which a number of female passengers were forced to undergo invasive medical examinations, after an Australian federal court dismissed the case Wednesday. On October 2, 2020, 13 Australian women were transiting through Doha airport in Qatar on their way to Sydney when they were taken off their Qatar Airways plane by members of the Qatari security services and subjected to physical examinations in ambulances on the airport tarmac. CNN has contacted Qatar Airways for comment. However, the judge also ruled that the women could file a revised complaint against MATAR, the Qatar Airways subsidiary. “The decision to allow QATAR Airways and the Civil Aviation Authority out of the proceedings is being carefully reviewed and if there is a proper basis an appeal will be quickly filed,” Sturzaker said in a statement.
Persons: John Halley of, , Halley, MATAR, Damian Sturzaker, ” Sturzaker, ” Halley, Scott Morrison Organizations: CNN — Qatar Airways, Qatar Airways, Qatar Ministry of Interior, CNN, Qatar Civil Aviation Authority, Federal Court, MOI, Sydney, Marque Lawyers, QATAR Airways, Civil Aviation Authority Locations: Doha, Qatar, Sydney, MOI, Sydney , New South Wales, State, Australia
Istanbul/London CNN —Turkey has announced restrictions on exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. Speaking at a press conference in Ankara late Monday, the Turkish foreign minister said Turkey was taking “a series of new measures against Israel” after Israel had denied its request to join a Jordanian aid operation. “Today we learned that our request, which was welcomed by the Jordanian authorities, was rejected by Israel,” Hakan Fidan said. Along with the United Arab Emirates, Turkey is the biggest donor of aid to Gaza, according to Israel’s Coordinator of Government Activities in the Territories. In a statement Tuesday, the CHP criticized the Turkish government for continuing to trade with Israel despite publicly condemning its attacks on Gaza.
Persons: Israel, Israel ”, ” Hakan Fidan, Gazans, , Israel Katz, Recep Tayyip Erdogan, , ” Katz, ” “, ” Volkan Demir, Lauren Izso, Anna Cooban Organizations: London CNN, Turkish Ministry of Trade, Israel, United Arab, Republican People’s Party, CHP Locations: Istanbul, London, Turkey, Israel, Gaza, Ankara, Jordanian, Territories, United States, ” “ Israel, United Arab Emirates, CHP’s, Tel Aviv
For much of this year, the high-profile case took a detour as Mr. Trump and his co-defendants sought to disqualify Ms. Willis, claiming that her romantic relationship with Nathan J. But last month, Judge Scott McAfee of Fulton Superior Court ruled that an actual conflict of interest did not exist. He allowed Ms. Willis to keep the case, though only if Mr. Wade stepped aside to resolve an “appearance of impropriety.” Mr. Wade resigned after the ruling. Lawyers for Mr. Trump and other defendants have asked the Georgia Court of Appeals to reverse the decision. The court, which leans conservative, has until mid-May to decide whether to take up the matter.
Persons: Willis, Donald J, Trump, Nathan J, Wade, Scott McAfee, Mr Organizations: Trump, Fulton Superior Court, Mr Locations: Fulton County ,, Fulton, Georgia
And if there’s one of the four criminal trials that Trump would prefer to take place first, it’s this one. But there is a clear trend of him using frivolous legal challenges to slow the road to trials. With only four weekdays until the New York trial begins, the chances that it will be further delayed are fading fast. If he’s reelected, Trump would regain presidential powers that would allow him to stall or even end the federal case against him completely. “There is no democracy without robust and uninhibited freedom of expression,” Trump attorney Steve Sadow said in a statement.
Persons: Donald Trump, , Trump, he’d, , Judge Juan Merchan, , they’ve, Stormy Daniels, can’t, Joe Biden, Biden, couldn’t, “ Trump, He’s, Jack Smith, Smith, ” Smith, he’s, Smith’s, Aileen Cannon, ” Trump, Steve Sadow, Scott McAfee, Lizbeth González Organizations: CNN, Republican, Trump, Prosecutors, GOP Locations: Manhattan, New York, York, Trump, Chicago, Washington, Florida, Georgia, Fulton County, Washington , DC
A gag order against one of Trump’s biggest foes could score political points and help him and his co-defendants in the short term. Then, McAfee appeared to suggest a gag order may be necessary. “I don’t know a reason to have a gag order right now,” Parker told CNN. The former president already faces a gag order in his criminal hush money case that’s headed to trial later this month in New York. And several other defendants in the Georgia case, including former Trump attorney Rudy Giuliani and former Georgia GOP Chairman David Shafer, have offered commentary on the case and Willis on social media.
Persons: Donald Trump, Fani Willis, Willis, juggles, Trump, Scott McAfee, ” Willis, McAfee, Nathan Wade, Wade, Wade’s, , I’ve, ” McAfee, Willis ’, Steve Sadow, Michael J, Moore, ” Moore, they’ve, Buddy Parker, John Eastman, hasn’t, ” Parker, , ” Willis ’, , ’ ” McAfee, Rudy Giuliani, David Shafer Organizations: CNN, Trump, McAfee, Middle, Georgia GOP, gander Locations: Georgia, Atlanta, Fulton County, Middle District, Trump, , New York, we’re
Donald Trump on Thursday afternoon lost two separate attempts to dismiss criminal charges against him in his Florida and Georgia cases. In Florida federal court, Judge Aileen Cannon rejected Trump's bid to drop charges against him related to his alleged mishandling of hundreds of classified documents after he left the White House. In a brief order, Cannon wrote that Trump's argument, which hinged on his interpretation of the Presidential Records Act, was an insufficient basis for dismissal. That ruling came about two hours after Fulton County Superior Court Judge Scott McAfee denied Trump's attempt to dismiss his Georgia election interference case on the grounds that it violated his free speech rights. The twin losses came one day after New York Supreme Court Judge Juan Merchan denied a request by Trump to delay his upcoming criminal hush money trial.
Persons: Donald Trump, Aileen Cannon, Trump's, Cannon, Scott McAfee, Juan Merchan, Trump, Cannon's, Jack Smith, Smith Organizations: White, Presidential Records, Fulton, New York, Records Locations: New York City, Florida, Georgia
CNN —Former President Donald Trump was dealt two major setbacks Thursday in his efforts to derail the criminal cases against him, with judges in the Georgia election interference case and in the federal classified documents case both rejecting bids by the presumptive 2024 GOP presidential nominee to have those cases thrown out. Trump has made similar presidential immunity arguments in the Georgia case and in the classified documents case. She wrote that prosecutors “make no reference to the Presidential Records Act” in the indictment against Trump and did not “rely” on the statute to bring charges. McAfee’s ruling is the latest step inching the state racketeering case against Trump forward. McAfee’s refusal to scrap the indictment comes as the free speech defense has repeatedly fallen short in pretrial wrangling in election meddling cases.
Persons: Donald Trump, Fani Willis, Jack Smith, , Trump, Aileen Cannon, , Cannon, , Scott McAfee, Willis, ” McAfee, McAfee, Tanya Chutkan, Steve Sadow, Smith, Trump’s Organizations: CNN, Trump, White, Records, Presidential, Circuit, Peach State, McAfee, National Archives, Prosecutors Locations: Georgia, Fulton County, New York, York, Washington ,, Florida, Atlanta, Peach
A judge on Thursday denied an effort by Donald Trump to dismiss his criminal election interference case in Georgia on grounds that the indictment violates his free speech rights. "Even core political speech addressing matters of public concern is not impenetrable from prosecution if allegedly used to further criminal activity," McAfee wrote. The defendants argued that their speech about Georgia's 2020 election results was political and that they cannot be prosecuted for making even false political statements. But the charges do not hinge solely on whether their election claims were true or false, McAfee wrote. "The allegations that the Defendants' speech or conduct was carried out with criminal intent are something only a jury can resolve."
Persons: Donald Trump, Fani Willis, Joe Biden, Scott McAfee, McAfee Organizations: U.S, Atlanta Hartsfield, Jackson International, Fulton County Superior Locations: Fulton County, Atlanta , Georgia, Georgia
New York CNN —It took Donald Trump less than 24 hours to test the boundaries of Judge Juan Merchan’s gag order in his New York criminal trial. Inside the courtroom, Trump has been admonished and threatened with removal for being disruptive. Outside the courtroom, Trump has repeatedly railed against the charges he faces in front of cameras and attacked all of those involved on social media. Engoron issued a gag order on commentary about court staff that covered his clerk, fining Trump twice for breaking it. In the federal classified documents case, Trump has appeared several times before Judge Aileen Cannon, whom he appointed.
Persons: Donald Trump, Juan Merchan’s, Merchan, Trump, , , Karen Friedman Agnifilo, He’s, , they’re, Reggie Walton, CNN’s Kaitlan Collins, Judge Arthur Engoron, Letitia James, Engoron, fining Trump, slogged, he’d, Judge Lewis Kaplan, Jean Carroll, Kaplan, Elie Honig, ” Trump, Stormy Daniels, Daniels, Allen Weisselberg, Agnifilo, ” Agnifilo, ” ‘, Tanya Chutkan, ” Chutkan, he’s, Trump’s “, ” Merchan, Honig, CNN Trump, Aileen Cannon, Scott McAfee, Carroll, ” Kaplan, defaming Carroll, CNN’s Lauren Del Valle, Katelyn Polantz, Zachary Cohen Organizations: New, New York CNN, Trump –, CNN, Trump, Trump Organization, Georgia Locations: New York, Manhattan, Fulton County
Istanbul CNN —Turkey’s local elections on Sunday marked a major defeat for President Recep Tayyip Erdogan and his ruling Justice and Development (AK) Party, as the main opposition party claimed victory in key cities including Istanbul and Ankara. After his presidential victory, Erdogan had his sights on reclaiming cities lost to the opposition in 2019. Preliminary official results showed the opposition Republican People’s Party (CHP) had won 49 out of 81 municipalities including 14 out of 30 urban areas in the country, Turkey’s High Electoral Council said. The AK Party lost 10 Istanbul districts to rivals in the latest election. “Unfortunately, we could not get the result we wanted and hoped for in the local election test,” Erdogan said in a speech delivered Monday at AK Party headquarters in Ankara.
Persons: Recep Tayyip Erdogan, Erdogan, Kemal Kilicdaroglu, Ekrem, Mansur Yavas, Tugay, ” Imamoglu, , Beyoglu, ” Erdogan Organizations: Istanbul CNN —, Development, Party, Republican People’s Party, Electoral, CHP, TRT, Nationwide, , Erdogan, Welfare Party, AK Party –, AK Party Locations: Istanbul, Ankara, Turkey, Izmir, “ Istanbul, Sunday’s
Lawyers for former President Donald J. Trump and eight of his co-defendants in the Georgia election interference case asked an appeals court on Friday to take up their challenge of a judge’s ruling that allowed the prosecutor Fani T. Willis to stay on the case. With their application to appeal, the defendants are once again pressing their argument that Ms. Willis, the Fulton County district attorney, created an untenable conflict of interest by having a romantic relationship with the special prosecutor she hired to manage the Trump case. The presiding judge in the criminal case, Scott McAfee of Fulton County Superior Court, had already given the defendants permission to pursue their appeal after he ruled against the efforts to disqualify Ms. Willis. But under Georgia law, the co-defendants must also secure the approval of the Georgia Court of Appeals before the matter can be heard by a panel of three appellate judges.
Persons: Donald J, Trump, Fani, Willis, Scott McAfee Organizations: Fulton County Superior Court Locations: Georgia, Fulton County
Former President Donald Trump and other defendants accused of illegally trying to interfere in the 2020 election in Georgia on Friday submitted a formal application to appeal a judge's ruling allowing Fulton County District Attorney Fani Willis to remain on the case. McAfee's ruling said Willis could continue her prosecution if Wade left the case, and the special prosecutor resigned hours later. Lawyers for Trump and other defendants then asked McAfee to allow them to appeal his ruling to the Georgia Court of Appeals, and he granted that request. The filing of an application with the appeals court is the next step in that process. The Court of Appeals now has 45 days to decide whether it will take up the matter.
Persons: Fani Willis, Donald Trump, Trump, Willis, Nathan Wade, Scott McAfee, McAfee's, Wade, McAfee, Wade upended, Democrat Joe Biden, Georgia's Organizations: Fulton County Government Center, Trump, of Appeals, Republican, Democrat Locations: Fulton County, Atlanta , Georgia, Georgia
CNN —Former President Donald Trump and several of his co-defendants in the Georgia election subversion case are appealing a judge’s ruling that let Fulton County District Attorney Fani Willis remain on the election subversion case. The defense attorneys on Friday asked the Georgia Court of Appeals to overturn Judge Scott McAfee’s initial decision that allowed Willis and her office continue to pursue the case but only if Nathan Wade, the special prosecutor with whom she had a romantic relationship, resigned. While Wade has since left the case, defense attorneys still want the appellate court to disqualify the entire Fulton County DA’s office. “DA Willis has covered herself and her office in scandal and disrepute, as she has squandered her credibility and repeatedly and flagrantly violated the heightened ethical standards demanded of her position,” the appeal states. However, the judge added, “Georgia law does not permit the finding of an actual conflict for simply making bad choices – even repeatedly.”The district attorney’s office declined to comment.
Persons: Donald Trump, Fani Willis, Judge Scott McAfee’s, Willis, Nathan Wade, Wade, Trump, “ DA Willis, flagrantly, McAfee, ” McAfee, CNN’s Devan Cole Organizations: CNN, Trump Locations: Georgia, Fulton, Fulton County
ATLANTA (AP) — The charges against former President Donald Trump in the Georgia election interference case seek to criminalize political speech and advocacy conduct that the First Amendment protects, his lawyers argued in a court filing challenging the indictment. Fulton County Superior Court Judge Scott McAfee plans to hear arguments on that filing and on two pretrial motions filed by former Georgia Republican Party chair David Shafer during a hearing set for Thursday. Lawyers for Shafer argue that he acted legally when he and other state Republicans signed a certificate asserting that Trump won the 2020 presidential election in Georgia and declaring themselves the state’s “duly elected and qualified” electors. McAfee is forging ahead with the case even as Trump and other defendants have said they plan to seek a ruling from the Georgia Court of Appeals to disqualify District Attorney Fani Willis. The charges against him include impersonating a public officer, forgery, false statements and writings, and attempting to file false documents.
Persons: Donald Trump, Scott McAfee, David Shafer, Shafer, Trump, , McAfee, Fani Willis, Willis, Nathan Wade, Democrat Joe Biden, Brad Raffensperger, , Prosecutors, Biden, Shafer “, ” Willis, Wade Organizations: ATLANTA, Georgia Republican, Republicans, Trump, Republican, Democrat, Georgia Republicans, Georgia House, Georgia, Electoral, Democratic, Prosecutors Locations: Georgia, Fulton County, Raffensperger
If Costco’s hot dog deal kept pace with inflation, it would be three times as expensive today — nearly $4.50. ‘If you raise the effing hot dog, I will kill you’Costco’s hot dog defied inflation from the very start. Costco’s hot dog offering was born in the company’s early days. Realizing the importance of the low-priced hot dog, the chain brought production in-house and switched to its own Kirkland Signature brand. Jim Sinegal, Costco’s co-founder, once told the company’s former CEO Craig Jelinek, “If you raise the effing hot dog, I will kill you.
Persons: , Scott Mushkin, Richard Galanti, Gus Faucher, Kirkland, Jim Sinegal, Costco’s, Craig Jelinek, , ” Sinegal Organizations: New, New York CNN, Costco, Bureau of Labor Statistics, R5, Federal Reserve, PNC Financial Services, Seattle Times Locations: New York, Portland , Oregon
Andreas "Andy" Von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West television interview in San Francisco, California, U.S., on Thursday, May 2, 2013. Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks , has reached a settlement with the SEC on insider trading charges that will cost him close to $1 million and bars him from serving as a public company officer or director for five years. Cisco announced its agreement to buy networking company Acacia for $70 per share in a $2.6 billion deal, driving Acacia's stock up 35%. "While the SEC announcement did not involve any trading in Arista securities, Arista takes compliance to the company's code of conduct and insider trading policy seriously," an Arista spokesperson told CNBC in an email. Bechtolsheim, who lives in Incline Village, Nevada, co-founded Arista in 2004 and took the company public a decade later.
Persons: Andreas, Andy, Von Bechtolsheim, Andy Bechtolsheim, Bechtolsheim, Bechtolsheim confidentially, didn't, Scott McNealy, Vinod Khosla, Bill Joy Organizations: Arista Networks Inc, Bloomberg West, Sun Microsystems, Arista Networks, SEC, Acacia Communications, Cisco, Arista, Acacia, Bechtolsheim, CNBC, Oracle, Sun Locations: San Francisco , California, U.S, San Jose , California, Incline Village , Nevada
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