Showing posts with label insider trader. Show all posts
Showing posts with label insider trader. Show all posts

12/19/08

Ex-Lehman Employees Charged in Insider-Trading Case

An ex-Lehman Brothers Holdings Inc. salesman was accused of insider trading for passing along confidential tips gleaned from his wife, a Brunswick Group public-relations executive involved in corporate deals.

U.S. prosecutors in New York filed criminal charges today against ex-Lehman salesmen Matthew Devlin and Frederick Bowers, lawyer Eric Holzer, and two day traders over illegal trades in a dozen transactions, including Mylan Inc.’s $1.2 billion stock buyback in 2005 and InBev NV’s acquisition of Anheuser-Busch Cos. in July.

 

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