Case Study

SEC Allegations of Insider Trading

SEC Allegations of Insider Trading

Defense counsel retained Professor Emeritus William Beaver of Stanford University and Cornerstone Research on behalf of a former CEO of a publicly traded water treatment company. Retained by Scheper Kim & Harris Defense counsel retained Professor Emeritus William Beaver of Stanford University and Cornerstone Research on behalf of a former CEO of a publicly traded water treatment company. After a company announcement that it would restate its financial results for the previous two years, the SEC filed a lawsuit alleging that the former CEO had taken part in an accounting fraud scheme to artificially inflate the share price, while at the same time engaging in insider trading. In a complete victory for our client, the judge ruled in his favor on all counts. Notably, this was one of the first

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