Segantii Wins Permission to Use BofA Documents for Legal Defense

Segantii Capital Management won a small victory ahead of its insider-trading trial, with a Hong Kong judge saying the firm can use key documents from Bank of America Corp. as part of its legal defense — something the Wall Street bank had tried to block.

Judge Josiah Lam ruled that both the prosecution and defendants can use a report prepared by law firm Freshfields on behalf of the bank’s Merrill Lynch unit in the wake of the June 2017 block trade. They can also use the bank’s internal interview notes.