Law360, New York (May 13, 2011, 3:01 PM ET) -- A New York federal judge on Thursday ordered two insider trading defendants to pay nearly $3 million in civil penalties for an alleged scheme involving Merrill Lynch & Co. Inc. and Goldman Sachs Group Inc. employees and tips about major corporate mergers.
Judge Kimba Wood ordered Bruno Verinac and Antun Dilber to pay $2.8 million and $52,000, respectively, or double the amount of ill-gotten profits alleged by the U.S. Securities and Exchange Commission.
The SEC accused a group of 17 defendants in both Europe and the...
2 Get $3M Fine In Merrill, Goldman Insider Trading Suit
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