The Court of Appeal has found the former employees guilty of aggravated insider trading, and consequently, the company being imposed with a corporate fine of SEK 500,000.

The ruling pertains to an investigation into aggravated insider trading related to a financing arrangement in the spring of 2019, in which the convicted former employees were involved. After an investigation by the Swedish Economic Crime Authority (EBM), several individuals from the company’s former management were prosecuted. In June 2023, the District Court acquitted all defendants and rejected the claim for a corporate fine. EBM appealed the decision, and the Court of Appeal has now overturned the District Court’s ruling.

Peptonic Medical AB will review the ruling and assess potential next steps.