SEC Settles Insider Trading Case Against Gilat Exec

Law360, New York (February 3, 2010, 5:12 PM EST) -- An executive vice president of Gilat Satellite Networks Ltd. has agreed to pay about $383,500 to resolve U.S. Securities and Exchange Commission allegations that he violated insider trading laws by purchasing stock in Scopus Video Networks Ltd. prior to its acquisition by another company.

In a complaint filed Wednesday in the U.S. District Court for the Southern District of New York, the SEC said Joshua Levinberg, 55, made an unlawful profit of about $188,000 by illegally trading on insider information about Scopus' sale in 2009 to...
To view the full article, register now.