The U.S has charged three Chinese with stealing M&A information from law firms, then using that information to buy into the companies that were being bought. A Wall Street Journal article puts the gains at somewhere over $4 million, a paltry sum, no doubt much smaller than they actually got. The Journal article also points to which law firms they think were hacked, since none were named in the indictments.
The three individuals named in the indictement are not in the U.S custody and good luck with getting them back from China. The Justice Department says the reason they made the case was to warn other law firms that they were being subjected to this type of targeting on M&As. Really? That must have come as a big surprise :) when they have been targets for as long as any of us can remember.
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