Former Bank Execs Get 2 Years For Insider Trading

Law360, New York (August 29, 2011, 9:52 PM EDT) -- A Virginia federal judge on Monday sentenced two ex-New Peoples Bank Inc. executives to two years in prison for using insider information to help friends and family sell shares of the bank's stock at a higher price.

U.S. District Judge James P. Jones handed Kenneth D. Hart and Gary A. Lawson sentences of two years in prison and three years of probation, according to the U.S. Attorney's Office for the Western District of Virginia. They were also each ordered to pay a $7,500 fine and $6,420 in restitution....
To view the full article, register now.



Case Information

Case Title

USA v. Lawson

Case Number



Virginia Western

Nature of Suit

Date Filed

January 27, 2011

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.