Golfer Alleges Unfair Prosecution In Insider Trading Case
Law360, New York (January 27, 2015, 12:44 PM EST) -- A Massachusetts man accused of participating in an insider trading ring with several “golfing buddies” argued in a Monday court filing that the government had unfairly singled him out for criminal prosecution while letting others, including a Holland & Knight attorney, escape with only civil charges.
Douglas Parigian, a competitive amateur golfer, urged a Boston federal judge to dismiss an insider trading case alleging he traded on nonpublic information about American Superconductor Corp. According to prosecutors, an executive at the company passed the information to co-defendant Eric McPhail, who then relayed the tips to six other individuals, including golfing pals Parigian...
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