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.
‘Enforcement 40’ for 2020
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