Doctor's Insider Trading Suit Moves Toward Trial

Law360, New York (May 21, 2009, 12:00 AM EDT) -- A Florida doctor has lost his bid for partial summary judgment in a case that accuses him, his brother and his close friend of illegally trading on inside information about IVAX Corp. and Correctional Services Corp.

Zachariah P. Zachariah had argued that the U.S. Securities and Exchange Commission engaged in mere conjecture without support of evidence.

On May 14, however, Magistrate Judge Linnea R. Johnson of the U.S. District Court for the Southern District of Florida found that there was "ample evidence of disputed issues of...
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