Bloomberg News

Mickelson Didn’t Trade Clorox Securities, Lawyer Says

June 12, 2014

Professional golfer Phil Mickelson didn’t trade in shares or options of Clorox Co. (CLX:US), his lawyer, Gregory Craig, said in response to news reports that a U.S. probe of alleged insider trading involves his client as well as gambler William Walters and billionaire Carl Icahn.

News organizations reported in the last two weeks that the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission are probing whether inside information was used to trade in securities of Clorox ahead of a buyout bid by Icahn.

The New York Times yesterday reported that sources it had relied on to tie Mickelson to the Clorox trade probe now say they were mistaken. Jim Margolin, a spokesman for Manhattan U.S. Attorney Preet Bharara, and J. Peter Donald, an FBI spokesman, declined to comment on the Times story.

“The reports that my client traded Clorox are untrue,” Craig said in an interview today, declining further comment on the U.S. investigation. Icahn and Walters, as well as Mickelson, have denied any wrongdoing.

Walters and Mickelson are said to be included in a U.S. probe of Dean Foods (DF:US) trades, a person familiar with the matter has said.

John Nester, a spokesman for the SEC, and Brian Fallon, a spokesman for the Justice Department, also declined to comment on the probe.

To contact the reporter on this story: David Glovin in New York at dglovin@bloomberg.net

To contact the editor responsible for this story: Joe Schneider at jschneider5@bloomberg.net


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • CLX
    (Clorox Co/The)
    • $99.71 USD
    • -0.53
    • -0.53%
  • DF
    (Dean Foods Co)
    • $17.11 USD
    • 0.01
    • 0.06%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus