Former Home Diagnostics CEO Admits To Insider Trading

Law360, New York (August 8, 2012, 6:51 PM EDT) -- The former head of Home Diagnostics Inc. pled guilty to insider trading mid-trial Wednesday, admitting he encouraged friends and family to buy stock in his company before it was purchased by medical device maker Nipro Corp. for $215 million. 

George Holley copped to two counts of insider trading after the defense rested its case in the trial, according to the office of the U.S. Attorney for the District of New Jersey. 

Holley was accused of disclosing nonpublic information about the sale of Home Diagnostics, which he...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Holley et al


Case Number

6:10-cr-06116

Court

New York Western

Nature of Suit

Judge

David G. Larimer

Date Filed

June 15, 2010

Law Firms

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.