Legal Ethics
Ex-SEC Lawyer to Get $755K in Whistle-Blower Settlement
Without admitting wrongdoing, the Securities and Exchange Commission has agreed to pay $755,000 to settle a former staff lawyer’s wrongful termination whistle-blower suit.
Gary Aguirre had contended that he was abruptly fired in 2005 because of his investigation of a potential insider-trading case against a giant hedge fund, Pequot Capital Management, and its co-founder, Arthur Samberg, the New York Times reports.
The settlement is largest ever disclosed by the federal Merit Systems Protection Board, which oversees such cases, the newspaper says.
For more details, read the full Times article.
