Baseball Hall Of Famer Settles Insider Trading Claims

Law360, New York (August 17, 2012, 7:02 PM EDT) -- Hall of Fame baseball player Eddie Murray has agreed to pay more than $358,000 to put to rest U.S. Securities and Exchange Commission claims in an insider trading case involving another former Baltimore Oriole and the onetime CEO of Advanced Medical Optics Inc., the SEC announced Friday.

In its complaint, the SEC says Murray made a little more than $235,000 in illegal profits after receiving a tipoff from his former Orioles teammate, Doug DeCinces, that AMO was about to be acquired by pharmaceutical company Abbott Laboratories....
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