Thursday, February 19, 2015

Louisiana Brothers-in-Law Charged For Insider Trading

Feb. 19, 2015 —Today the SEC announced insider trading charges against brothers-in-laws from Louisiana. The SEC alleges that Scott Zeringue traded securities of The Shaw Group based on information he learned on the job about an acquisition. Leading up to the merger Zeringue and his brother-in-law purchased shares of Shaw and made nearly $1 million after the merger announcement increased share prices by 55 percent. Criminal charges have also been announced.

The full announcement can be read here.