Ex-MLB Player Gamed $1.3M From CEO Pal’s Tips, Jury Hears

Law360, Los Angeles (March 9, 2017, 10:58 PM EST) -- Federal prosecutors on Thursday opened a California insider trading trial with claims former Baltimore Orioles player Doug DeCinces made $1.3 million from nonpublic merger tips about a friend’s medical device company, but the retired athlete’s attorney countered that the government's case hinged on a “biased and sloppy investigation.”

Former Advanced Medical Optics Inc. CEO James Mazzo provided insider information to DeCinces, who then passed the tip along to a friend, defendant David Parker, prosecutors allege. Opening statements in the trial were held Thursday in the courtroom...
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