After two trials and two hung juries, federal prosecutors have agreed to dismiss insider trading and perjury charges against an Orange County, Calif., CEO accused of tipping former MLB star Doug DeCinces to the 2009 acquisition of the CEO’s medical-device company by a larger company.
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Investors claim in a stockholder derivative complaint against Allegiant Travel Company that the airline dangerously prioritized profit over safety while
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The Second Circuit vacated a judgment against JPMorgan Chase analyst Sean Stewart who was convicted in February 2017 of insider trading for feeding tips to his father.
Read moreA man convicted of passing along stock tips to his father won a 2-1 reversal Monday from the Second Circuit.
Read moreSetting the Republican congressman’s trial date for the year 2020, a federal judge overruled concerns Thursday about putting Representative Chris Collins on trial while he seeks re-election.
Read moreRong Chen, 50, of Rancho Palos Verdes, a high-ranking official at Hong Kong investment firms, including a bank, made $267,000 by illegally trading through his wife’s account on inside tips about Chinese companies, the SEC claims in a federal complaint.
Read moreThe SEC brought a federal complaint Wednesday against Cleveland Browns linebacker Mychal Kendricks, saying he made $1.2 million with inside tips and kicked back some of the profits to former investment banker Damilare Sonoik.
Read moreSteven Fishoff led a “serial insider-trading scheme” with his Featherwood Capital Inc. and others that made more than $5.5 million, the SEC claims in a federal complaint.
Read moreThe indictment of Rep. Chris Collins on insider trading charges is drawing new attention to the freedom members of Congress have to serve on corporate boards or to buy and sell stock in industries they’re responsible for overseeing.
Read moreNew York Republican Congressman and early Trump supporter Chris Collins was charged Wednesday with securities fraud, wire fraud and false statements.
Read moreThe SEC claims Richard T. Cunniffe, 63, of Medford, N.Y., a securities trader, made $1.1 million by trading on inside information he got from nonparties Robert K. Stewart, 63, a New York CPA; and Stewart’s son Sean R. Stewart, 33, an investment banker, in federal court.
Read moreThe Securities and Exchange Commission claims the former head of a New Jersey payment processing firm gave his girlfriend $1 million to buy company stock ahead of a merger announcement, netting the pair more than $250,000 in profits.
Read moreArrested in California before being charged in New York, a Goldman Sachs vice president faces civil and criminal accusations that he had a dirty dozen of companies whose nonpublic information he traded.
Read moreBovorn Rungruangnavarat, of Bangkok, and his brother made $3.8 million trading on inside information from an investment banker that Smithfield Foods was about to be purchased by Shuanghui Holding International at 31 percent over market prices, the SEC claims in a federal complaint.
Read moreA federal grand jury on Wednesday indicted a former Equifax executive on charges of insider trading stemming from his sale of nearly $1 million in shares before the company’s massive data breach was revealed to the public.
Read moreFederal prosecutors in Orange County, Calif., told a judge Tuesday that they want to put a CEO on trial a third time on charges he passed insider stock tips to former baseball star Doug DeCinces.
Read moreA 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.
Read moreThe 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.
Read moreA federal prosecutor told jurors Tuesday that a CEO charged with insider trading lied when he denied tipping former Orioles third-baseman Doug DeCinces to confidential information that his company, Advanced Medical Optics, would soon be acquired for a high price.
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