June 06, 2014
A California federal jury on Friday handed the U.S. Securities and Exchange Commission its second insider trading trial loss in a week, siding with the founder of storage device maker STEC Inc. who was accused of deceiving shareholders to reap $267 million for himself and his brother.
August 07, 2013
The U.S. Securities and Exchange Commission took the unusual step Tuesday of seeking summary judgment in its insider trading case against the founder of computer storage device maker STEC Inc., saying the defendant's own words are enough to prove he is liable.