Trading Ring Scheme Defendants Must Face Trial

Law360, New York (January 13, 2010, 6:54 PM EST) -- A federal judge has refused to dismiss two defendants from the U.S. Securities and Exchange Commission's lawsuit accusing a slew of individuals of participating in insider trading schemes related to the Odyssey Investment Partners-Neff Corp. and Liberty Mutual Insurance Co.-Safeco Corp. mergers.

In an order filed Wednesday, Judge Michael A. Posner of the U.S. District Court for the District of Massachusetts adopted a magistrate judge's December recommendation that he deny bids by Peter E. Talbot and his nephew, Carl E. Binette, to dismiss the agency’s claims...
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