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Former Equifax Exec Wants Insider Trading Charges Dropped

Law360 (June 11, 2018, 9:53 PM EDT) -- A former Equifax executive accused of selling off shares before the public was informed of the company's massive data breach told a Georgia federal court Monday that the government's indictment only proves he exercised stock options after being lied to by his employer.

Jun Ying, the former chief information officer for Equifax's U.S. Information Solutions, said the government's March indictment fails to identify what "material nonpublic information" he might have had at the time he sold his stock. Even assuming the alleged information is the existence...
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