Judge OKs Insider Trading Settlement In Drug Case

Law360, New York (September 6, 2007, 12:00 AM EDT) -- The wife of the former CEO of Cubist Pharmaceuticals, her brother and his neighbor have settled insider trading allegations brought by the U.S. Securities and Exchange Commission regarding the company's common stock.

Judge Morris E. Lasker of the U.S. District Court for the District of Massachusetts entered a final judgment on Aug. 30 in the cases filed against Patricia B. Rocklage, William M. Beaver and David G. Jones. The SEC announced the development Wednesday.

Under the terms of the settlement, the three consented to a final...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.