Paul Hastings Represents STEC Founder Manouch Moshayedi in Victory Over SEC in Insider Trading and Fraud Trial
Los Angeles – On Friday, June 6, 2014, a trial team led by Paul Hastings partner
Filed in 2012, the complaint alleged that Mr. Moshayedi unjustly enriched himself by $267 million in August 2009 when he and family members sold nine million shares of sTec in a secondary offering while in possession of material, non-public information. The SEC also alleged that Mr. Moshayedi made material misrepresentations and omissions on two separate occasions. All of the SEC’s claims were rejected by the jury.
Mr. Zaccaro is the vice-chair of Paul Hastings Investigations and White Collar Defense practice. The Paul Hastings team also included Los Angeles partner
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