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Securities and Exchange Commission v. Manouchehr Moshayedi
Case Number:
8:12-cv-01179
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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June 06, 2014
SEC Loses 2nd Insider Trading Trial In 7 Days
A California federal jury on Friday handed the U.S. Securities and Exchange Commission its second insider trading trial loss in a week, siding with the founder of storage device maker STEC Inc. who was accused of deceiving shareholders to reap $267 million for himself and his brother.
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August 07, 2013
Ex-STEC Chief's Own Words Reveal Insider Trading, SEC Says
The U.S. Securities and Exchange Commission took the unusual step Tuesday of seeking summary judgment in its insider trading case against the founder of computer storage device maker STEC Inc., saying the defendant's own words are enough to prove he is liable.