Research Analyst Hit With $2.3M Judgment

Law360, New York (August 1, 2006, 12:00 AM EDT) -- A former research analyst has been ordered to shell out more than $2.3 million, a penalty stemming from allegations that he reaped millions of dollars from stock sales while issuing misleading reports.

Paul Johnson, who taught finance at Columbia University’s Graduate School of Business for 14 years, will have to disgorge $2.2 million in ill-gotten gains and interest and pay a $125,000 civil penalty, pursuant to the final judgment entered against him last week by U.S. District Judge John F. Keenan.

Judge Keenan also issued a...
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