Bloomberg News

Ex-SanDisk Executive to Plead Guilty in Insider-Trading Case

February 17, 2012

(Updates with SanDisk statement in second paragraph.)

Feb. 17 (Bloomberg) -- Donald Barnetson, a former SanDisk Corp. senior marketing director, will plead guilty today in an insider trading investigation, records in Manhattan federal court show.

Barnetson left SanDisk in early 2011, according to Lee Flanagin, a spokesman for the Milpitas, California-based maker of flash-memory cards.

In criminal charges filed against John Kinnucan, an expert networker in Portland, Oregon, prosecutors claim that on Sept. 10, 2010, Kinnucan called an unidentified SanDisk employee who gave him inside information about confidential negotiations between his company and Apple Inc.

“The SanDisk insider has been cooperating with the government in the hope of receiving leniency,” according to the criminal complaint against Kinnucan.

--Editors: Andrew Dunn, Mary Romano

To contact the reporters on this story: Bob Van Voris in New York at rvanvoris@bloomberg.net; Patricia Hurtado in New York at pathurtado@bloomberg.net.

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.


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