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Article: Chicago Health-Care Executive to Pay $1.1 Million in Insider Trading Case.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 2, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Robert Manor, Chicago Tribune Knight Ridder/Tribune Business News
Jun. 2--A Chicago health-care executive who headed an area drug company targeted in a high-profile federal health-care fraud investigation has agreed to pay $1.1 million to settle insider trading allegations in a separate case involving stock in an Arizona company.
The Securities and Exchange Commission said Henry T. (Hank) Pietraszek, used insider information gained from his position on the board of directors at Ventana Medical Systems to sell stock he owned in the company to avoid a loss.
Pietraszek sold all of his shares of Tucson-based Ventana last year shortly before it ...