We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

ImClone Stockholders Settle Insider Trading Charges

Law360 (November 5, 2005, 12:00 AM EST) -- Two ImClone stockholders accused of insider trading have settled with the Securities and Exchange Commission, agreeing to hand over more than $2.7 million reaped in December 2001 using non-public information about the cancer research company.

The SEC sued the pair, Zvi Fuks and Sabina Ben-Yehuda, in March in the U.S. District Court for the Southern District of New York. They were accused of colluding with the biotechnology company’s founder and former chief executive officer, Samuel D. Waksal, to avoid impending financial losses.

Waksal allegedly tipped Ben-Yehuda...
To view the full article, register now.
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.