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Settlement with Former International Paper Company Executive of Insider Trading Charge
SEC v. Michael Dale Lackey
- 2013
- $116,010
Defendant, a former Vice-President and General Manager of International Paper Company, allegedly learned material, non-public information regarding the company’s tender offer of Temple-Inland, and purchased 9,000 shares of Temple-Inland stock in advance of public announcement, selling them immediately after for an illicit profit of $56,533.89. He was permanently enjoined, required to pay disgorgement and fined.
