Tuesday, July 24, 2007

U.S. SEC charges Canadians over MDS-Molecular deal

(Reuters) - Suman learned about secret merger talks between the
Canadian life sciences company and Molecular, a
high-performance measurement tools provider, from electronic
data he had access to as an information technology specialist,
the SEC alleged.




The U.S. market regulator said Suman, along with his wife,
traded in Molecular shares and call options in January 2007
before the information was made public, resulting in more than
$1 million in profits.


Read more at Reuters.com Government Filings News

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