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Join the Securities Litigation and Enforcement Group on LinkedInSEC Wins Jury Trial Against Massachusetts Man Charged in Multi-Year Insider Trading Scheme
Yesterday evening, jurors in Boston federal court returned a verdict finding that Lexington, Massachusetts restauranteur Charlie Chen engaged in illegal insider trading in advance of five earnings announcements of Lexington-based company Vistaprint, N.V. The SEC’s evidence at trial showed that Chen, who was close friends with a Vistaprint insider and her husband, received highly confidential […]
SEC Wins Jury Trial in Layering, Manipulative Trading Case
Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission’s favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than $25 million in illicit profit. The SEC’s evidence at trial showed that Nathan Fayyer and […]
Nobody Is That Lucky, Prosecutor Tells Insider-Trading Jury – Bloomberg
For anyone to successfully trade five times in a row on health-care mergers, they need inside information, a prosecutor told a jury in the retrial of former Perella Weinberg Partners LP managing director Sean Stewart. “Winning the lottery once takes astronomical odds, winning it five times — that doesn’t happen,” Assistant U.S. Attorney Samson Enzer […]
What’s Next for Elizabeth Holmes in the Theranos Fraud Case? – The New York Times
If Ms. Holmes and Mr. Balwani do not plead guilty, the question at a trial will be whether the two defendants were brazen liars, as the government will argue, or whether they were just as deluded as everyone else by Ms. Holmes’s vision of disrupting the health care industry. via What’s Next for Elizabeth Holmes […]
NZ’s first insider trading trial begins in Auckland | Radio New Zealand News
The first person to go on trial in New Zealand for insider trading sold his shares in a company after getting a tip-off from an employee, the High Court has heard. via NZ’s first insider trading trial begins in Auckland | Radio New Zealand News.
Feds Seek Third Try at Mazzo | Orange County Business Journal
Justice Department lawyers said this week they plan to try medical-device executive Jim Mazzo for a third time for violating insider trading rules after two prior efforts ended in hung juries. 10 of 12 jurors in Mazzo’s second mistrial in February favored acquitting him on at least 19 of 20 counts. In May 2017 in […]
Jury Hangs in SoCal Insider-Trading Trial
A federal judge declared a mistrial Wednesday after the jury deadlocked on whether a Southern California CEO gave insider trading tips about his company’s merger to retired Major League third baseman Doug DeCinces. The jury hung 10 to 2 in favor of acquitting James Mazzo, former CEO of Advanced Medical Optics, of 16 insider trading […]
Defense & Government Bash One Another in Insider Trading Trial
The defense attorney for a Southern California CEO accused of insider trading told a federal jury Wednesday that the prosecution’s theory of the case makes no sense — and the prosecutor responded that the defense explanation is ridiculous. via Defense & Government Bash One Another in Insider Trading Trial
SEC Suffers Loss in Insider Trading Case | Dorsey & Whitney
At trial Mr. Parker was charged with having illegally tipped Mr. Van Gilder prior the 2007 quarterly announcement and the announcement about Tracinda in 2008. He was also charged with having tipped Mr. Reiman about the Tracinda investment. Following a seven day trial the jury returned a verdict finding in favor of Mr. Parker on […]
SEC to try and convince federal jury of oilman’s alleged insider trading — again
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 […]