Tag: Trials

SEC 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 nonpublic information and used it to…

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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 said in his closing argument…

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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 charges and four perjury charges,…

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