We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Alleges Warrior Energy Insider Trading Scam

Law360 (June 9, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has levied insider trading allegations against a former board member of Warrior Energy Services Corp. and his friend, who allegedly purchased $85,000 worth of stock in the energy company after learning of a pending merger during a duck hunting trip.

According to the SEC's complaint, lodged Monday in the U.S. District Court for the Western District of Louisiana, ex-board member Robert L. Hollier passed insider tips on a likely merger between Warrior Energy and Superior Energy Services Inc. to his...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.