Insider Trading Case Over IBM Deal Is Weak, Says Broker

Law360, New York (January 30, 2013, 6:54 PM EST) -- A former broker whom the U.S. Securities and Exchange Commission alleges used confidential information ahead of a 2009 IBM Corp. acquisition will push to toss the complaint because the insider trading claims are too weak, his lawyer said Wednesday.

An SEC case against David J. Weishaus, a trained lawyer who worked as a broker at Westport, Conn.-based Euro Pacific Capital Inc., does not properly allege that Weishaus knew tips he received came from a source with a fiduciary obligation to the company, lawyer Michael J. Grudberg...
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Case Information

Case Title

Securities and Exchange Commission v. Conradt et al

Case Number



New York Southern

Nature of Suit



Jed S. Rakoff

Date Filed

November 29, 2012

Law Firms


Government Agencies

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