Sequenom Patent Agent Gets Probation For Insider Trading

Law360, New York (September 13, 2011, 12:10 PM EDT) -- A California federal judge on Monday sentenced former Sequenom Inc. patent agent Aaron Scalia and his brother to three years of probation and four months in a halfway house for their role in an insider trading scheme involving the biotechnology company.

Aaron Scalia, who was employed as a patent agent in Sequenom's legal department, must also pay $185,000 in restitution and perform 250 hours of community service, according to U.S. District Judge Barry T. Moskowitz's ruling.

“I think the judge did a terrific job going through...
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