Civil Litigation,
Government,
Criminal
Nov. 20, 2018
Judge questions executive’s proposed civil insider trading settlement
The order for supplemental briefing could hinder, or at least delay, a ‘global resolution’ prosecutors are pursuing in the criminal case against defendant James Mazzo.
A federal judge declined to sign a proposed judgment that would end an executive's civil insider trading case, indicating instead that he has major questions about the fairness of the deal.
The order by U.S. District Judge David O. Carter late Friday ordered supplemental briefing to address why a $1.5 million fine is adequate "given the public interest" surrounding Ja...
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