Warrior Energy Insider Trading Suit Stays Alive

Law360, New York (August 5, 2010, 5:20 PM EDT) -- A judge has ignored protests from a former Warrior Energy Services Corp. board member and his friend and kept alive an insider trading suit against them, saying the U.S. Securities and Exchange Commission should be given more time to make its case.

Rejecting summary judgment motions by Warrior Energy's Robert L. Hollier and his friend Wayne A. Dupuis, Judge Tucker L. Melançon of the U.S. District Court for the Western District of Louisiana on Wednesday said the SEC was entitled to conduct discovery first.

"Summary judgment...
To view the full article, register now.