A former U.S. congressman from Indiana was sentenced Tuesday to 22 months in prison for making illegal stock trades based on inside information while working as a consultant and lobbyist after he left office.
Former U.S. Rep. Steve Buyer of Indiana went on trial Wednesday on insider trading charges, accused of illegally garnering stock windfalls by exploiting his consulting clients’ corporate secrets years after he left Congress.
Inotiv Inc., a West Lafayette-based pharmaceutical testing company, has seen its stock price soar — and later plunge — following its announcement last fall that it planned to acquire Indianapolis-based Envigo RMS LLC, which breeds and sells animals used in lab testing.
A Canadian accused in an Indiana federal court of a “scalping” scheme to fraudulently drive up the price of a penny stock while selling off his own shares for a profit of almost $1 million must answer questions in a U.S. deposition before the Securities and Exchange Commission, a judge has ruled. The SEC accuses Michael Skerry of New Westminster, British Columbia, of executing the scheme, in which regulators allege he profited by about $950,000.