Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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The Securities and Exchange Commission secured a solid victory last month when a federal judge found a businessman had engaged in insider trading, but has now suffered a significant setback as the same judge ordered the defendant to pay just a fraction of the amount the government had demanded in civil penalties. The judge found that William Pardue simply cannot afford to pay $200,000 in disgorgement and $419,000 in fines because he is a father of six with a modest income and staggering debts.
May 10, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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