Laserscope Shareholders Settle Insider Trading Claims

Law360, New York (April 29, 2008, 12:00 AM EDT) -- Two shareholders of medical device company Laserscope accused by the U.S. Securities and Exchange Commission of trading on insider information in advance of a merger announcement have agreed to pay $250,000 in disgorgement and penalties to bring an end to the case.

The SEC said on Monday that Edward O. Boshell, a former director of a Dallas business development company, and Chicago lawyer Donald J. Pochopien would disgorge $85,750 and $134,970, respectively, in ill-gotten gains, as well as pay $11,381 and $17,914, respectively, in civil penalties,...
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