Ex-Home Diagnostics CEO Indicted Over Stock Tips

Law360, New York (February 3, 2011, 7:22 PM EST) -- A federal grand jury on Thursday indicted the former head of Home Diagnostics Inc. and a co-conspirator, accusing them of tipping off friends and family to Nipro Corp.'s plans to acquire the medical device company for $215 million.

The indictment, filed in the U.S. District Court for the District of New Jersey, charges former Home Diagnostics CEO George Holley and his close personal acquaintance Phairot Iamnaita each with one count of conspiracy to commit insider trading, three counts of securities fraud and one count of wire...
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