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Litigation

Jun. 17, 2014

Undaunted by losses, SEC files another insider trading complaint

A complaint alleging four California men traded on non-public information at Ross Stores Inc. demonstrates that a few trial losses for the Securities and Exchange Commission is not deterring it from filing more insider trading cases.


By Hadley Robinson


Daily Journal Staff Writer


SAN FRANCISCO - A complaint alleging four California men traded on non-public information at Ross Stores Inc. filed Friday demonstrates that a few trial losses for the Securities and Exchange Commission have not deterred the agency from bringing more insider trading cases.


The lawsuit claims that, starting in 2009, Roshanlal Chaganlal, a senior director in Ross' finance department, routinely to...

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