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Judge Tosses Insider-Trading Verdict against Dallas Businessman.
Knight Ridder/Tribune Business News, December, 2002
By Katherine Yung, The Dallas Morning News Knight Ridder/Tribune Business News
Dec. 20--A federal judge on Thursday overturned a jury verdict that had found Dallas businessman Scott Ginsburg guilty of insider trading, in a setback for the Securities and Exchange Commission.
U.S. District Judge Kenneth Ryskamp ruled Thursday in Florida that the SEC had failed to provide sufficient evidence that Mr. Ginsburg passed insider information to his brother, Mark, and father, Jordan. Prosecutors said the information enabled them to earn $1.8 million in profit by trading shares in two companies, EZ Communications Inc. and Katz Media Group Inc., in 1996 and 1997.
"I am deeply grateful to my friends, attorneys and family who have stood next to me...
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