insider trading News

Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger

A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said. Herbert Sudfeld, …

SEC Charges Oil CEO in Insider Trading With Colorado Insurance Exec

The Securities and Exchange Commission on Wednesday announced charges against the former CEO of a Denver, Colo.-based oil-and-gas company at the center of an insider trading scheme involving a Colorado insurance executive that the SEC began prosecuting last month. According …

Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case

A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider …

Lawsuit Against Berkshire Hathaway Over Sokol Trades Dismissed

Berkshire Hathaway won dismissal on Monday of a shareholder lawsuit that stemmed from allegations former executive David Sokol profited by violating the company’s insider trading policy. Shareholders sued the conglomerate’s board for refusing to take legal action against Sokol, a …