Ex-Bristol-Myers Exec To Forfeit Profits From Insider Trades

Law360, New York (July 22, 2013, 5:19 PM EDT) -- A New Jersey federal judge on Friday ordered a former Bristol-Myers Squibb Co. executive who pled guilty last month to criminal securities fraud to forfeit more than $300,000 in illegal profits he pocketed in the insider trading scheme.

U.S. District Judge Susan Wigenton ordered former Bristol-Myers assistant treasurer for acquisitions Robert D. Ramnarine to disgorge $311,361, plus $13,016 in prejudgment interest, in the U.S. Securities and Exchange Commission’s suit accusing him of using privileged information to profit from illegal insider trades on three biotechnology companies that...
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