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InterOil Insider Traded On Merger Info, SEC Says In Suit

Law360 (June 12, 2018, 3:16 PM EDT) -- The U.S. Securities and Exchange Commission launched a lawsuit in New Jersey federal court Tuesday against a onetime personal assistant to an InterOil Corp. board member for allegedly engaging in insider trading based on confidential information about Oil Search Ltd.'s proposed acquisition of the energy company.

In 2016, before InterOil was ultimately acquired by Exxon Mobil Corp., Kurt J. Bordian used information from emails to the InterOil director about the potential Oil Search deal to purchase $5,750 in option contracts for InterOil stock, and then made $220,500...
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Case Information

Case Title

SECURITIES AND EXCHANGE COMMISSION v. BORDIAN


Case Number

2:18-cv-10437

Court

New Jersey

Nature of Suit

850(Securities/Commodities)

Date Filed

June 12, 2018

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