Big Lots Bigwigs Hit With $37M Insider Trading Suit

Law360, New York (May 22, 2012, 6:09 PM EDT) -- A Louisiana pension plan sued Ohio-based discount retailer Big Lots in federal court Tuesday, alleging that the company's directors and officers had earned over $37 million from illegal insider trading.

The suit, filed in the Southern District of Ohio by the Louisiana Municipal Police Employees' Retirement System, contends that the directors and officers — including Chairman, CEO and President Steven Fishman, Vice President and Controller Paul Schroeder, and Executive Vice President Joe Cooper — sold massive amounts of company stock over a 23-day interval in March....
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Case Information

Case Title

Louisiana Municipal Police Employees' Retirement System, et al., v. Berger et al

Case Number



Ohio Southern

Nature of Suit

Stockholders Suits


Michael H. Watson

Date Filed

May 22, 2012

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