SEC Resolves Dick's Insider Trading Scandal

Law360, New York (October 5, 2009, 5:08 PM EDT) -- The last of eight men accused of relying on inside information from a Dick’s Sporting Goods Inc. executive to buy shares of Galyan’s Trading Co. just before Dick’s acquired it in 2004 has agreed to a consent judgment ending a U.S. Securities and Exchange Commission case against the group, which collectively generated about $620,000 from the alleged scheme.

Judge Arthur Schwab of the U.S. District Court for the Western District of Pennsylvania ordered Alan J. Johnston on Monday to pay about $85,000 in illicit proceeds and...
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