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BOSTON (AP) -- A Waltham man has been convicted of insider trading for tipping off his golfing buddies about the business activities of a company that helped them make more than $500,000 illegally.
Eric McPhail was convicted this week in federal court in Boston following a seven-day trial, and 90 minutes of jury deliberations.
Prosecutors say the 41-year-old McPhail learned inside information about American Superconductor Corp. from a senior company executive who was a member of the same Watertown golf club, then passed that information on to other golfing partners. Those friends then made trades based on that information between July 2009 and April 2011.
McPhail faces up to 20 years in prison at sentencing scheduled for Sept. 17. He is the second person convicted in the case.
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American Superconductor Corp.
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EXPLORATION STAGE |
CODE : AMSC |
ISIN : US0301111086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
American Superconductor is based in United states of america. Its main exploration property is HYDRA in USA. American Superconductor is listed in United States of America. Its market capitalisation is US$ 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. |