Defendant In Alleged Drunk Insider Trading Case Settles

Law360, New York (January 2, 2014, 12:51 PM EST) -- The U.S. Securities and Exchange Commission has reached a settlement with one of two men accused of trading on inside information supplied by Hunton & Williams LLP drug patent attorney Robert Schulman, who was allegedly drunk at the time of the disclosure, according to a Monday court filing.

Michael Shechtman consented to a permanent injunction that will bar him from violating securities laws in the future, according to a document filed in Florida federal court on Monday and dated Dec. 20. The court will determine a...
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