SEC Wins One, Loses One In Neff Insider Trading Suit

Law360, New York (June 14, 2011, 1:49 PM EDT) -- An insider trading case involving construction equipment rental company Neff Corp. concluded Monday in Florida, with a jury finding that one defendant illegally traded on advance information about Neff's merger with an investment company and another did not.

The jury ruled against Alberto J. Perez, a real estate consultant and close friend of Neff's former CEO who allegedly shared insider information with his brother. But it cleared Sebastian De La Maza, a Miami psychiatrist whose daughter is married to Neff's former CEO, of any wrongdoing....
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