Superconductor Exec Pleads Guilty To Insider Trading

Law360, New York (August 12, 2013, 7:09 PM EDT) -- A former assistant treasurer at American Superconductor Corp. pled guilty to insider trading on Monday, agreeing to settle civil charges with the U.S. Securities and Exchange Commission after making illicit bets against the energy technology company. 

John M. Tocci used inside knowledge of his company's faltering contracts to buy put options that would enrich him when American Superconductor's share prices plummeted, according to the SEC. 

For his alleged actions, Tocci was indicted on criminal insider trading charges in the U.S. District Court for the District of...
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Case Information

Case Title

Securities and Exchange Commission v. Tocci


Case Number

1:13-cv-11924

Court

Massachusetts

Nature of Suit

Securities/Commodities

Judge

Joseph L. Tauro

Date Filed

August 12, 2013

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