Ex-BakerHostetler Atty’s Hubby Traded On Pillow Talk: SEC

Law360, New York (February 6, 2013, 7:10 PM EST) -- The U.S. Securities and Exchange Commission on Wednesday sued a Houston man who allegedly traded ahead of Texas Instruments Inc.'s 2011 purchase of National Semiconductor Corp. using inside information from his wife, then a partner at BakerHostetler.

The SEC claims James W. Balchan, 48, made $30,000 in illicit profits trading ahead of TI's acquisition of National after his wife tipped him that National's general counsel had canceled an appearance at a social function to work on the deal.

“The SEC alleges that the very next morning,...
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