World Fuel Defendants Can't Duck Insider Trading Suit

Law360, New York (January 27, 2011, 3:03 PM EST) -- A federal judge has shot down the dismissal bids of four men accused by the U.S. Securities and Exchange Commission of running an insider trading ring with World Fuel Services Corp. stock that garnered them more than $1 million.

Judge Marcia G. Cooke denied the motions to dismiss in the U.S. District Court for the Southern District of Florida on Thursday, rebuffing the efforts of World Fuel executive Steven Scoppetuolo, former executive Robert Tocci, Eric Gordon and broker Sarang Ahuja to escape the suit.

In their...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Scoppetuolo et al

Case Number



Florida Southern

Nature of Suit



William C. Turnoff

Date Filed

February 16, 2010

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.