The insider-trading involved deals for Compuware Corp., Move Inc., Sapient Corp. and Oplink Communications. Kendricks allegedly made $78,000 in profits from Compuware investments, about $279,000 from Move, $489,000 from Sapient and $352,000 from Oplink. With returns ranging from 79% to 393%, no wonder Kendricks’ trading acumen reached the attention of authorities. How could a professional football player with limited investment experience be so prescient?
Mr. Sonoiki was allegedly working as an analyst for Goldman Sachs when he overheard inside information on pending deals and passed it along to Kendricks. Mr. Kendricks has pleaded guilty to the charges and is being represented by Mitchell Schuster at the law firm of Meister Seelig & Fein LLP. The lawsuit says the two men met at a party in 2013 and stayed in touch; Mr. Sonoiki began providing Mr. Kendricks nonpublic information beginning in the summer of 2014. We understand that Mr. Sonoiki wrote for the television show “Black-ish” in 2015 and 2016.
The Philadelphia Eagles drafted Kendricks in the second round of the 2012 NFL Draft, after attending the University of California, Berkeley. He had played his entire career with the Eagles, and was a member of the Eagles’s Super Bowl season last year. He signed with Cleveland as a free agent in the off-season.
