Richards Layton IT Guy Settles SEC Fraud Claims

Law360, New York (June 20, 2011, 7:28 PM EDT) -- Three months after copping a plea with prosecutors, a former Richards Layton & Finger PA computer technician and a relative on Monday settled civil claims in Delaware that they abused firm information to trade in Google Inc. and other companies ahead of mergers.

Jeffrey J. Temple, a former Richards Layton information systems and security manager, and his brother-in-law Benedict M. Pastro, a Newark, Del., salesman, agreed to disgorge $84,000 and $94,000, respectively, and to refrain from violating securities laws in the future. Pastro also agreed to...
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