3 Traders Face Penalties Over Odyssey, Liberty Plots

Law360, New York (December 23, 2010, 1:59 PM EST) -- The U.S. Securities and Exchange Commission has scored monetary penalties and permanent injunctions against three defendants in litigation over alleged insider trading schemes related to the Odyssey Investment Partners-Neff Corp. and Liberty Mutual Insurance Co.-Safeco Corp. mergers.

In an order filed Wednesday, Judge Adalberto Jordan of the U.S. District Court for the Southern District of Florida signed off on final judgments against Jose G. Perez, Kevan D. Acord and Philip C. Growney.

In separate final judgments issued simultaneously with the order, the three men agreed to...
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