Lawyer Dad Settles SEC Insider Trading Suit

Law360, New York (June 8, 2011, 2:57 PM EDT) -- A California personal injury attorney must pay $23,800 to settle a suit by the U.S. Securities and Exchange Commission accusing him of trading on inside information he stole from his daughter, a lawyer working on Abbott Laboratories' $2.8 billion acquisition of Advanced Medical Optics Inc.

U.S. District Judge Irma E. Gonzalez on Tuesday granted final judgment to the SEC in its suit against Dean A. Goetz, who allegedly peeked at deal-related documents that his daughter, a corporate associate in the firm representing Advanced Medical, left out...
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