SEC Alleges Warrior Energy Insider Trading Scam

Law360, New York (June 9, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has levied insider trading allegations against a former board member of Warrior Energy Services Corp. and his friend, who allegedly purchased $85,000 worth of stock in the energy company after learning of a pending merger during a duck hunting trip.

According to the SEC's complaint, lodged Monday in the U.S. District Court for the Western District of Louisiana, ex-board member Robert L. Hollier passed insider tips on a likely merger between Warrior Energy and Superior Energy Services Inc. to his...
To view the full article, register now.