Deals
False Press Release Halts Fingerprint Stock Amid Probe
This article is for subscribers only.
Fingerprint Cards AB, a Swedish maker of biometric sensors, plans to request a police probe into a false press release that said it agreed to be bought by Samsung Electronics Co. and sent its stock soaring 51 percent.
The shares traded for 17 minutes after the statement was published by press-release distributor Cision AB, before being suspended by the Stockholm exchange because of volatility. Trades on the stock and peer Precise Biometrics AB, which also surged, after the statement’s publication were canceled.