A former Dow Chemical Co. executive and two others were accused by U.S. regulators of reaping more than $1 million from illegal trades ahead of a 2008 announcement that the company would acquire Rohm & Haas Co.
Mack Murrell, who was vice president of information services at Dow at the time, obtained confidential details about the takeover plan from his then-girlfriend, who was an administrative assistant to Dow’s chief financial officer, the Securities and Exchange Commission said in a lawsuit filed Monday in federal court in Michigan.
via SEC Reaches Back to 2008 with Insider-trading Lawsuit — Bloomberg
