Ex-World Fuel Exec Settles $1M Insider Trading Case

Law360, New York (August 3, 2011, 3:21 PM EDT) -- A former World Fuel Services Corp. executive implicated in a $1 million insider trading scheme agreed Monday to settle with the U.S. Securities and Exchange Commission in Florida federal court rather than stand trial later this month.

Eric M. Gordon agreed to return his ill-gotten profits and pay undetermined civil penalties to the SEC, according to the consent judgment entered Monday. Gordon is the fourth of five defendants to strike a deal with the agency over alleged violations of federal securities laws. 

The SEC slapped the...
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Case Information

Case Title

Securities and Exchange Commission v. Scoppetuolo et al


Case Number

1:10-cv-20475

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

William C. Turnoff

Date Filed

February 16, 2010

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