Ex-SEC Atty Gets $755K To End Retaliation Suit

Law360, New York (June 29, 2010, 4:17 PM EDT) -- The U.S. Securities and Exchange Commission has agreed to pay former agency attorney Gary Aguirre $755,000 to settle a wrongful termination suit stemming from his dismissal during his insider trading investigation into the Pequot Capital Management Inc. hedge fund in 2005.

A judge with the Merit Systems Protection Board issued an order Tuesday finalizing the deal, which the Government Accountability Project has called perhaps the biggest retaliation settlement between the regulator and a former employee.

As part of the settlement Aguirre also agreed to drop two...
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