U.S. authorities on Wednesday charged the head of the health care company Ontrak Inc with insider trading, marking the first criminal case involving the use of a special trading plan designed to help shield executives from such charges.
"It's an area we are definitely looking at and concerned about," he told reporters on the margins of an industry conference on Wednesday.
David Willingham, an attorney for Peizer, said his client was innocent and that U.S. authorities had disregarded good-faith discussions held "before these cases were filed without any prior notice."
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