Spouse Of Triangle VP Settles Insider Trading Suit

Law360, New York (October 1, 2007, 12:00 AM EDT) -- The husband of a former pharmaceutical executive has agreed to pay $23,800 to resolve claims of insider trading leveled by the U.S. Securities and Exchange Commission.

The settled charges, filed in the U.S. District Court for the Eastern District of North Carolina on Thursday, alleged Daniel Joseph McKay misappropriated material and nonpublic information from his wife, a senior manager at Triangle Pharmaceuticals Inc.

The SEC claimed that McKay stole documents relating to a proposed merger with Vertex Pharmaceuticals Inc. in mid-2002, bought Triangle stock before a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.