Ex-Baseball Player Indicted For Insider Trading On Abbot Buy

Law360, New York (November 29, 2012, 3:10 PM EST) -- A California federal grand jury on Wednesday indicted former Baltimore Orioles third baseman Doug DeCinces and three others on insider trading charges for allegedly using nonpublic information about Abbott Laboratories' takeover of a medical device company to purchase stock.

U.S. Attorney for the Central District of California Andre Birotte Jr. said the four men are charged with using details that DeCinces, of Laguna Beach, Calif., got from a high-ranking executive at Advanced Medical Optics Inc. to buy up stock in the company prior to the announcement...
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