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LAWSUITS NEWS & LEGAL INFORMATION

Juan Carlos Peralta

St. Louis, MO: (Mar-31-07) The Securities and Exchange Commission booked charges against Juan Carlos Peralta of Buenos Aires, accusing him of using insider information to profit from the 2006 sale of Chesterfield-based Maverick Tube Corp. to Luxembourg-based Tenaris SA. The lawsuit accused Peralta and the others of using material, nonpublic information to buy 1,120 Maverick Tube call options from May 12 to June 13 and 7,100 shares of Maverick Tube stock just before the June 12 announcement of the company's sale. Peralta agreed to pay $1 million to settle claims by securities regulators. [ST. LOUIS TODAY: INSIDER TRADING]


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Published on Apr-4-07


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