CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general's office.
The Securities and Exchange Commission filed a lawsuit against a former Apple executive Wednesday, alleging that he exploited his position as a high-ranking attorney to illegally trade Apple stock before the company disclosed its quarterly earnings report to investors. Gene Levoff, Apple’s former senior director of corporate law and corporate secretary, “violated the duty of […]
A jury’s verdict sent a warning to Washington’s political intelligence industry and funds that rely on it: Trading on government secrets is as risky as using insider corporate information.
The federal prosecutors who sent Wall Streeters to prison for trading on insider information are taking on Washington’s culture of leaks in a first-of-its-kind trial next week.
Executives and fund managers will have a “bonanza” leaking secret tips after the U.S. Supreme Court declined to weigh in on the most significant insider-trading case in a generation, the top federal prosecutor in Manhattan said. There’s now “an obvious road map for unscrupulous investors,” U.S. Attorney Preet Bharara said at a press conference Monday, […]
A man accused of aiding an insider-trading scheme by chewing up sticky notes after sharing market-moving information contained on them will avoid paying a fine in settling U.S. Securities and Exchange Commission claims. Frank Tamayo was a middleman in a scheme involving Steven Metro, a former law clerk at Simpson Thacher & Bartlett, and broker […]
A federal appeals court dealt a blow to the government's success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third — and attempts to further define how far prosecutors can push the law in their quest to clean up Wall Street.
Few crimes on Wall Street generate more headlines than insider trading.
The U.S. Securities and Exchange Commission, in a third insider-trading trial defeat in the past year, lost its lawsuit claiming that STEC Inc.’s former chief executive officer made $134 million by selling stock before divulging a sales setback to investors.
Video games settlement, insider trading and the Sports Lawyers Association round out the roundup
NEW YORK — A former Goldman Sachs trader was sentenced to nine months in prison for wire fraud Friday by a Manhattan judge who took sharp aim at both Goldman and the government, questioning why it took them so long to bring the misconduct to light. Matthew Taylor had admitted in a guilty plea this […]
LOS ANGELES — Former Baltimore Orioles all-star Doug DeCinces and three others were indicted Wednesday on insider trading charges involving the use of information prior to the takeover of a medical device company in California, authorities said. In 2008, DeCinces was told by a close friend and official at Advanced Medical Optics Inc. that Abbott […]