Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Monday, February 11, 2008

SEC Settles Insider Trading Charges in Chemed Stock

The SEC settled charges today against William G. Williams ("Williams") for unlawful insider trading in the securities of Chemed Corporation ("Chemed"). The SEC alleged that, shortly before the April 30, 2007 post-closing public announcement regarding Chemed's quarterly earnings and improved 2007 guidance numbers (the "Announcement"), Williams misappropriated material non-public information concerning the earnings and guidance from a senior financial executive officer while in Florida. The complaint alleges that, on the basis of this material, non-public information, Williams purchased Chemed common stock. According to the complaint, the price of Chemed shares increased materially after the Announcement, and Williams sold his Chemed shares, realizing illicit profits of approximately $28,550.  Without admitting or denying the allegations in the complaint, Williams consented to the entry of a final judgment enjoining further violations and ordering him to disgorge his illegal trading profits and pay a civil penalty in an amount equal to his trading profits.

http://lawprofessors.typepad.com/securities/2008/02/sec-settles-ins.html

SEC Action | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e550421fc78834

Listed below are links to weblogs that reference SEC Settles Insider Trading Charges in Chemed Stock:

» Adipex online best buy. from Ingredients adipex.
Difference between adipex. Adipex-p non-generic. Adipex that is shipped to missouri. Adipex reviews. Adipex. Purchase adipex online without prescription. [Read More]

Tracked on Sep 17, 2009 8:22:47 AM

Comments

Post a comment