Former Cisco Exec. Settles Insider Trading Case

Law360, New York (May 15, 2006, 12:00 AM EDT) -- A former executive from networking gear company Cisco Systems Inc. has agreed to pay hundreds of thousands of dollars to settle insider-trading charges leveled against him and his brother by the U.S. Securities and Exchange Commission.

District Judge Jeffrey S. White ordered the former Cisco employee and his younger brother to pay more than $350,000 to settle charges related to trading on inside information about Cisco’s mergers with several other companies around the turn of century.

The SEC filed the securities fraud lawsuit in March 2005...
To view the full article, register now.