Financial Times FT.com

Brunswick reacts to insider trading charge

By Sylvia Pfeifer, Andrew Edgecliffe-Johnson, Joanna Chung and Justin Baer

Published: December 19 2008 23:56 | Last updated: December 20 2008 16:16

Dow Chemical has become the first client of Brunswick to say it is pulling business from the public relations firm after the husband of one of its partners was charged in an insider trading scheme that used information from his wife.

“We are shocked and disappointed by the recent events,” a spokesman said. “Given the circumstances, we have taken the prudent action of temporarily suspending all business relationships with Brunswick Group, pending the outcome of the investigation by the Department of Justice and the Securities and Exchange Commission.”

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