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Charges Cause Wembley Shares Plunge

UNITED KINGDOM – As reported by the BBC: "Wembley shares were down 15% at 560p one hour after the London market opened on Wednesday morning.

"The sell-off came as investors digested news that Wembley's US subsidiary Lincoln Park had been indicted over bonuses that the firm allegedly paid to a legal attorney in Rhode Island. The US authorities have also issued indictments against the company's chief executive, Nigel Potter, and Lincoln Park boss Dan Bucci.

"…Wembley said it would `vigorously' contest the charges, and stressed that it `fully' supported Mr Potter and Mr Bucci…'

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