| Boston-area amateur golfer found guilty of insider trading | |
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June 16 (Reuters) - A Boston-area amateur golfer was convicted on Tuesday of engaging in insider trading by tipping off friends about the business activities of American Superconductor Corp. Despite hearing the information in confidence, McPhail beginning in 2009 began sharing with his friends inside information about the company's business activities and earnings announcements, prosecutors said. Over a two-year period, McPhail's friends made over $500,000 illegally trading on the tips, prosecutors said. Parigian alone made more than $267,000, prosecutors have said. The trial came after U.S. District Judge Denise Casper rejected a bid to dismiss the case in light of a December ruling by the 2nd U.S. Circuit Court of Appeals in New York that curtailed authorities' ability to pursue insider trading. While the decision, which reversed the convictions of hedge fund managers Todd Newman and Anthony Chiasson, only applied to judges in New York, Vermont and Connecticut, McPhail, Parigian and defendants in other states began citing it in their cases. (Reporting by Nate Raymond in New York; Editing by Diane Craft)
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American Superconductor Corp.
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EXPLORATION STAGE |
CODE : AMSC |
ISIN : US0301111086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
American Superconductor is based in United states of america. Its main exploration property is HYDRA in USA. American Superconductor is listed in United States of America. Its market capitalisation is US$ 256.9 millions as of today (€ 240.1 millions). Its stock quote reached its lowest recent point on December 20, 2013 at US$ 1.37, and its highest recent level on April 26, 2024 at US$ 12.27. American Superconductor has 20 936 769 shares outstanding. |