Proxy advisory company sues Rokita in effort to halt new state law
Maryland-based Institutional Shareholder Services Inc. seeks to halt a new Indiana law that it alleges would violate the company’s right to free speech.
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Elon Musk to take stand in Twitter shareholder trial accusing him of deflating stock before purchase
The stock closed at $36.81 on July 8, 2022, when Musk tweeted he was abandoning the deal over the fake accounts issue. That’s 32% below Musk’s offer price of $54.20 per share.
Left and right join forces over bill to ban lawmakers from trading stock
Lawmakers who agree on little else gathered to promote a ban that polls well with voters and appears to be finding new momentum after stalling out in previous sessions of Congress.
Late in his term, Biden supports ban on congressional stock trading
For years, bipartisan groups of lawmakers have pushed legislation to ban or limit congressional stock trading. Biden previously declined to take a position on the issue.
Former U.S. Rep. Steve Buyer of Indiana sentenced to 22 months in prison for insider trading
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.
Ex-U.S. Rep. Buyer of Indiana goes on trial over stock buys
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 facing shareholder lawsuit over stock drop
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.
SEC wins order to depose Canadian suspect in nearly $1M penny stock con
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.