- Posted July 03, 2013
- Tweet This | Share on Facebook
SEC fights illegal stock trades before Dow-Rohm '08 deal
MIDLAND, Mich. (AP) -- Federal regulators say an executive at Michigan-based Dow Chemical tipped a Texas pal about the company's 2008 takeover of Rohm & Haas.
The Securities and Exchange Commission filed a lawsuit Monday against then Dow Vice President Mack Murrell, his friend David Teekell of Tomball, Texas, and a stockbroker.
The SEC says Teekell netted more than $500,000 by buying Rohm & Haas stock before Midland-based Dow announced a takeover five years ago.
The government says the information came from Murrell. It says he got it from his girlfriend, who worked for Dow's chief financial officer. They're now married.
Dow declined comment. Murrell resigned in March. Messages seeking comment were left for Murrell and Teekell.
The SEC is seeking at least $374,000 from Raymond James Financial Services, where trades were made.
Published: Wed, Jul 3, 2013
headlines Oakland County
- Meet the Judges
- Owner of twice-sunken Lake Michigan barge pleads guilty to felony
- Justice Dept. reaches civil settlement with victims abused by Lawrence Nassar
- Oakland County, Oakland Livingston Human Services Agency launch Oakland County Senior Chore Pilot Program
- U.S. Immigration Court judge to be keynote speaker at law school’s Law Day virtual celebration
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case