Complete Trial Win Against the SEC

Secured a complete victory for the former chairman and CEO of sTec, Manouch Moshayedi, in one of the largest insider trading actions brought by the Securities and Exchange Commission. The SEC accused Moshayedi of engaging in insider trading and making false or misleading statements in connection with a secondary offering of approximately $267 million worth of sTec stock owned by Moshayedi and his family. Following a three-week trial, the jury returned a complete defense verdict.

Related Contacts
Patrick Gibbs Partner, Palo Alto
Related Practices & Industries

Securities Litigation