SEC, Ex-Fidelity Director Settle Insider Trading Case

Law360, New York (April 13, 2009, 12:00 AM EDT) -- Federal regulators have settled a long-running civil suit accusing a former director of title insurer Fidelity National Financial Inc. of trading on inside information regarding the 2003 sale of online lender LendingTree Inc. to USA Interactive.

J. Thomas Talbot has agreed to turn over $94,797 in profits and interest and pay a $135,762 civil penalty to settle the case, according to a final judgment entered Friday in the U.S. District Court for the Central District of California.

The U.S. Securities and Exchange Commission had accused Talbot...
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