Perot Investor To Disgorge $8.6M In Insider Trading Suit

Law360, New York (January 6, 2010, 1:19 PM EST) -- Perot Investments Inc.'s Reza Saleh has agreed to return $8.6 million in profits federal securities regulators said he garnered by investing in Perot Systems Corp. ahead of a $3.9 billion buyout offer from Dell Inc.

Saleh of Richardson, Texas, agreed to the disgorgement and a permanent injunction as part of a settlement with the U.S. Securities and Exchange Commission filed Tuesday in the U.S. District Court for the Northern District of Texas.

The SEC plans to ask the court to appoint a third party to recommend...
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