Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email In a first-of-its-kind case, the United States Attorney’s Office for the Central District of California announced a grand jury indictment on February 24, 2023 against former chairman and CEO of Ontrak, Terren Peizer. Peizer was charged with securities fraud and insider trading based on 10b5-1 plan certifications he made in connection with his sale of Ontrak stock while knowing that the company was in the midst of losing a contract with its biggest client which it had not announced. https://www.cadwalader.com/resources/clients-friends-memos/dojs-first-10b5-1-plan-prosecution-survives-motion-to-dismiss