Ex-Connetics VP Settles Insider Trading Charges

Law360, New York (May 28, 2008, 12:00 AM EDT) -- A former Connetics Corp. executive has agreed to pay $723,000 to settle charges that he and a neighbor traded on nonpublic information related to the company's acne drug Velac Gel.

Alexander Yaroshinsky, who was vice president of clinical operations and biostatistics for Connetics, consented to the entry of a final judgment on May 20 without admitting or denying wrongdoing. The other defendant in the case, Victor Zak, settled the insider trading charges against him last year, agreeing to forfeit $863,830.

Under the final judgment, Yaroshinsky will...
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