This is what I was referring to, you idiot, not his recent appeal of a later court decision.
Why not read and think before you post your crap.
from Wiki (underlining is mine.)
Société Générale insider trade
In 1988, Soros was contacted by a French financier named Georges Pébereau who asked him to participate in an effort to assemble a group of investors to purchase a large number of shares in Société Générale, a leading French bank that was part of a privatization program (something instituted by the new government under Jacques Chirac).[63] Soros eventually decided against participating in the group effort opting to personally move forward with his strategy of accumulating shares in four French companies: Société Générale, as well as Suez, Paribas, and the Compagnie Générale d'Électricité. In 1989, the Commission des Opérations de Bourse (COB—the French stock exchange regulatory authority) conducted an investigation of whether Soros's transaction in Société Générale should be considered insider trading. Soros had received no information from the Société Générale and had no insider knowledge of the business, but he did possess knowledge that a group of investors was planning a takeover attempt. Initial investigations found Soros innocent and no charges were brought forward,[64] however, the case was reopened a few years later and the French Supreme Court confirmed the conviction on June 14, 2006,[65] but reduced the penalty to €940,000.[65] Soros denied any wrongdoing, saying news of the takeover was public knowledge[66] and it was documented that his intent to acquire shares of the company predated his own awareness of the takeover.[65] In December 2006 he appealed to the European Court of Human Rights on various grounds including that the 14-year delay in bringing the case to trial precluded a fair hearing.[67] On the basis of Article 7 of the European Convention on Human Rights, stating that no person may be punished for an act that was not a criminal offense at the time that it was committed, the court agreed to hear the appeal.[68] In October 2011, the court rejected his appeal in a 4–3 decision, saying that Soros had been aware of the risk of breaking insider trading laws.[69]
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I will add that Soros had already in 1987 decided to began acquiring stock in the companies in part because it was public knowledge that they were part of a privatization program. He was able to document that his decision to acquire stock in these companies predated his being contacted by the investor in 1988 that was planning a takeover. After he was cleared of all charges by the French Regulator, the French law was changed. The case, when it was reopened later, was highly political in nature.In 1988, Soros was contacted by a French financier named Georges Pébereau who asked him to participate in an effort to assemble a group of investors to purchase a large number of shares in Société Générale, a leading French bank that was part of a privatization program (something instituted by the new government under Jacques Chirac).[63] Soros eventually decided against participating in the group effort opting to personally move forward with his strategy of accumulating shares in four French companies: Société Générale, as well as Suez, Paribas, and the Compagnie Générale d'Électricité. In 1989, the Commission des Opérations de Bourse (COB—the French stock exchange regulatory authority) conducted an investigation of whether Soros's transaction in Société Générale should be considered insider trading. Soros had received no information from the Société Générale and had no insider knowledge of the business, but he did possess knowledge that a group of investors was planning a takeover attempt. Initial investigations found Soros innocent and no charges were brought forward,[64] however, the case was reopened a few years later and the French Supreme Court confirmed the conviction on June 14, 2006,[65] but reduced the penalty to €940,000.[65] Soros denied any wrongdoing, saying news of the takeover was public knowledge[66] and it was documented that his intent to acquire shares of the company predated his own awareness of the takeover.[65] In December 2006 he appealed to the European Court of Human Rights on various grounds including that the 14-year delay in bringing the case to trial precluded a fair hearing.[67] On the basis of Article 7 of the European Convention on Human Rights, stating that no person may be punished for an act that was not a criminal offense at the time that it was committed, the court agreed to hear the appeal.[68] In October 2011, the court rejected his appeal in a 4–3 decision, saying that Soros had been aware of the risk of breaking insider trading laws.[69]
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