The new trial is set to begin Tuesday before U.S. District Judge John Kane — exactly five years from the day the U.S. Securities and Exchange Commission levied its allegations.
The SEC maintains the 56-year-old former chief executive of Delta Petroleum told at least two friends — who then told others — that late-billionaire Kirk Kerkorian in 2007 was poised to drop $684 million into the company, an investment that surely would make the company’s stock price climb once it was announced.
via SEC to try and convince federal jury of oilman’s alleged insider trading — again — Denver Post
