![]() ![]() According to court documents, in October 2018, Tavlin learned that the Financial Industry Regulatory Authority ( FINRA ) was investigating certain trades of Company B securities that occurred prior to the publicly announced acquisition. ![]() On September 21, 2018, the day after Company B publicly announced its acquisition by Company A, Farahan and Gantman each sold all of their Company B securities for a total profit of more than $500, 000. Farahan and Gantman used the nonpublic information to purchase quickly substantial amounts of Company B securities throughout August and September 2018. The defendants knew that Company A’s imminent acquisition of Company B would likely result in an increase in Company B’s stock price. In violation of his duty to the company, Tavlin tipped this information about the acquisition to his friend, Farahan, who then tipped the information to Gantman. Tavlin, a former vice president of Company B, learned material, nonpublic information about Company A’s potential acquisition of Company B. e acquisition of Company B, an Israeli - based company that specialized in robotics for spinal procedures, by Company A, an Ireland - based medical device company that primarily operated from its executive headquarters in Minneapolis. The conspiracy involved nonpublic information about th. According to court documents, beginning in January 2018 through at least August 2020, Doron “Ron” Tavlin, 66, of Minneapolis, Afshin “Alex” Farahan, 55, of Los Angeles, and David Gantman, 56, of Mendota Heights, willfully engaged in an insider trading conspiracy. Three Men Federally Indicted for Insider Trading, Securities Fraud MINNEAPOLIS – Three men have been indicted for their roles in an insider trading conspiracy involving a medical device company’s nonpublic business acquisition deal. ![]()
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