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Author Topic: James D. Zeglis, Gautum Gupta, Lance D. McKee and Jim W. Dixon  (Read 1422 times)

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James D. Zeglis, Gautum Gupta, Lance D. McKee and Jim W. Dixon
« on: September 16, 2008, 05:14:23 PM »
James D. Zeglis, Gautum Gupta, Lance D. McKee and Jim W. Dixon
     


The Securities and Exchange Commission ("Commission") announced today that it filed a Complaint in the United States District Court for the Northern District of Illinois against James D. Zeglis ("Zeglis") and Gautum Gupta ("Gupta"), Lance D. McKee ("McKee") and Jim W. Dixon ("Dixon") alleging fraud in connection with insider trading in the securities of Georgia-Pacific Corporation by three individuals who received tips directly or indirectly from defendant Zeglis. The Complaint alleges that Zeglis misappropriated material nonpublic information from his brother, a member of Georgia-Pacific's board of directors, and further alleges that on November 10, 2005, three days before a public announcement that Georgia-Pacific had agreed to be acquired by Koch Industries, Inc., Zeglis tipped Gupta and Dixon, both of whom purchased Georgia-Pacific securities. Gupta, in turn, tipped McKee, who also purchased Georgia-Pacific securities.
     

http://www.sec.gov/litigation/litreleases/2008/lr20720.htm
     
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