Plot Thickens In Insider Trading Case Involving Former AdvaMed Chair
Former Baltimore Orioles player Doug DeCinces is denying he knew that the former head of a California medtech company would benefit from allegedly sharing insider trading information about the impending sale of the company, according to published reports.
DeCinces wants prosecutors to drop 19 insider-trading counts from his indictment in U.S. District Court in California. Prosecutors argued that it did not matter under federal insider trading laws whether DeCinces knew that James V. Mazzo, the former president, CEO and board chair of Santa Ana-based Advanced Medical Optics Inc., would benefit from his alleged activity.
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DeCinces wants prosecutors to drop 19 insider-trading counts from his indictment in U.S. District Court in California. Prosecutors argued that it did not matter under federal insider trading laws whether DeCinces knew that James V. Mazzo, the former president, CEO and board chair of Santa Ana-based Advanced Medical Optics Inc., would benefit from his alleged activity.
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