Ex-Home Diagnostics CEO Charged With Insider Trading

Law360, New York (January 13, 2011, 4:09 PM EST) -- The former head of Home Diagnostics Inc. has been charged with insider trading for allegedly tipping off friends and family members to Nipro Corp.'s plans to acquire the medical device company for $215 million.

Former Home Diagnostics Chairman and CEO George Holley and his close personal acquaintance Phairot Iamnaita each have been charged with conspiracy to commit insider trading, prosecutors said Thursday.

Holley, 70, of Norwalk, Conn., and Iamnaita, 28, of Thailand, surrendered to federal authorities Thursday morning, the U.S. Attorney's Office for the District of...
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