SEC on partial settlement of ImClone insider-trading case

[JURIST] The Securities and Exchange Commission [official website] announced Tuesday that it has agreed to a partial settlement of its insider trading civil suit against former ImClone Systems Inc. chief executive Samuel Waksal under which Waksal would be barred from acting as an officer of any publicly traded company and would pay back more than $800,000 in insider trading profits. Read the SEC press release and review the SEC's amended complaint against Waksal, who still neither admits or denies the allegations against him.



 

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