United States v. Terren S. Peizer
Terren Peizer, the CEO and Chairman of Ontrak Inc., a publicly traded health care company, was charged with securities fraud for an insider trading scheme that sought to exploit the shield provided by 10b5-1 trading plans. By entering into 10b5-1 trading plans while in possession of material non-public information, Peizer is alleged to have avoided more than $12.5 million in losses.
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