A US judge froze a Goldman Sachs Group account that regulators say was used to make suspicious trades in H.J. Heinz, after unknown traders failed to appear in court to defend their claims to the assets.
When the unidentified traders didn’t show up at a hearing yesterday in Manhattan, District Judge Jed Rakoff said he would grant the Securities and Exchange Commission’s request to freeze the Goldman account in Zurich, Switzerland, until the case is resolved.
The agency said in its complaint that the trades came a day before Warren Buffett’s Berkshire Hathaway and 3G Capital announced the $23 billion takeover of Pittsburgh-based Heinz.
Goldman has said it’s cooperating with authorities.