Former Restoration Hardware VP Quells SEC Case

Law360, New York (October 8, 2008, 12:00 AM EDT) -- A former vice president at Restoration Hardware Inc. has agreed to shell out a $68,000 penalty to settle the U.S. Securities and Exchange Commission's allegations that he tipped off three friends about the impending acquisition of the company, paving the way for them to rake in upward of $900,000 in illicit profits.

Circiaco “Eric” Rivor, who had been vice president of Treasury at Restoration Hardware, also agreed to be enjoined from future violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5...
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