Judgments Finalized In M&A Stock Tip Scheme

Law360, New York (January 13, 2010, 2:31 PM EST) -- A federal judge has signed off on consent judgments against a group of men connected to an alleged insider trading scheme in which highly confidential merger and acquisition information regarding major financial institutions was misappropriated in exchange for kickbacks.

Judge Susan Illston of the U.S. District Court for the Northern District of California gave her stamp of approval on Tuesday to judgments against Adnan S. Zaman, Pascal S. Vaghar, Elias Khoury and Sameer N. Khoury, all of whom the U.S. Securities and Exchange Commission had accused...
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