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Turning aside pleas for a downward departure under the sentencing guidelines, a federal judge in New York on Tuesday sentenced Samuel Waksal to 7 years and 3 months in prison for the insider-trading scandal at ImClone. The judge said Waksal demonstrated a "pattern of lawlessness and arrogance" in covering up his attempt to unload company stock on the eve of bad news from regulatory authorities about the cancer-fighting drug Erbitux.
June 11, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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