Ex-Teva Head Accused Of Role In $27M Pump-And-Dump Scheme

Law360 (September 8, 2018, 2:12 AM EDT) -- A former chairman of Teva Pharmaceutical Industries Ltd. as well as a blockchain company's CEO and its biggest investor were sued by the U.S. Securities and Exchange Commission in New York federal court Friday on allegations they masterminded a $27 million pump-and-dump scheme.

The SEC accused 10 individuals and 10 associated corporate entities of taking part in pump-and-dump schemes spearheaded by Barry Honig, a businessman who was at one time Riot Blockchain's largest shareholder. The complaint claims the defendants, who also include former Teva chairman Phillip Frost and Riot Blockchain CEO John O'Rourke, manipulated stock prices in three microcap companies, raking...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Subscribers Only

Date Filed

September 7, 2018

Companies

Government Agencies