SEC, Dick's Sporting Exec Settle Insider Trading Suit

Law360, New York (April 20, 2009, 12:00 AM EDT) -- A former executive at Dick's Sporting Goods Inc. has been ordered to cough up $218,026 in civil penalties over allegations from the U.S. Securities and Exchange Commission that he leaked insider information about the company's purchase of another sporting goods retailer in 2004.

Judge Arthur J. Schwab entered a final judgment on Friday in the U.S. District Court for the Western District of Pennsylvania requiring Joseph J. Queri Jr., the former senior vice president of real estate at Dick's, to pay the penalties.

The court permanently...
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