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The "Farmers Insurance News-Alert" website is dedicated to providing the consumer and general public with detailed information concerning the Farmers Insurance Group. This includes fraud reports, consumer complaints, lawsuit's and other legal actions taken against this company. All information contained herein is for educational purposes only. Original sources, when known are sited.

 

Zurich, June 19 1999

An insider-trading investigation of Markus Rohrbasser, Zurich Financial Services' former chief financial officer, has been completed and the results will probably be made public at the beginning of next month, Tages Anzeiger reported, citing the Zurich district attorney. Rohrbasser, who resigned from Europe's fourth-largest insurer in October, has said that four transactions ranging between 100,000 Swiss francs ($73,730) and 200,000 Swiss
francs were carried out on his behalf by a financial adviser from June 1997, earning him less than 250,000 francs.

Christian Weber, Zurich's district attorney, also told the Swiss newspaper that he has completed an insider-trading investigation relating to suspicious share-price movements before a reorganization of Credit Suisse Group, Europe's No. 6 bank.

Zurich Financial Services owns 40 percent and is the only customer of DFA Capital Management, the Delaware-based computer software company set up by Rohrbasser after his resignation from Zurich, Neue Zuercher Zeitung reported earlier this week.

 

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