Wednesday, August 24, 2011

Primary Global CEO tied to insider case-filing

Reuters reports that the chief executive of expert networking firm Primary Global Research LLC has been implicated in the government's sprawling insider trading probe, court papers show.

Unni Narayanan, the chief executive, has not been charged with wrongdoing, but is one of the highest-ranking executives linked to the investigation announced in October 2009 and which has led to guilty pleas or convictions for nearly all the roughly 50 people criminally charged.

Narayanan is among six onetime Primary Global employees who, prosecutors believe, "participated in a scheme to defraud certain public companies of material, nonpublic information," according to a filing on Tuesday by Ethan Balogh, a lawyer for former Primary Global sales manager James Fleishman…

Find out more at http://www.reuters.com/article/2011/08/23/insidertrading-idUSN1E77M14Z20110823

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