Jauyo Lee, a former Leerink Swann LLC investment banker, was sentenced to 16 months in prison for providing inside information about pending mergers involving clients to a childhood friend who made $600,000 after trading on the tips.
The increasing likelihood that Express Scripts Inc.'s acquisition of Medco Health Solutions Inc. will succeed is now turning SXC Health Solutions Corp. into the industry’s most expensive takeover candidate.
Teva Pharmaceutical Industries Ltd.’s early progress in shifting daily Copaxone takers to a new formulation has persuaded some analysts the drugmaker may succeed in converting as many as half of its multiple sclerosis patients.
Vertex Pharmaceuticals Inc. fell the most in seven weeks after an analyst with Leerink Swann & Co. cut sales estimates for a hepatitis C pill made by the company that was approved by U.S. regulators last year.
Jauyo Lee, a former investment banker with Leerink Swann LLC, pleaded guilty to providing inside information about impending mergers involving clients to a college friend who traded on the tips, the U.S. said.
JPMorgan Chase & Co. disclosed $1.3 billion of new expenses tied to faulty mortgages and foreclosures in its third quarter, pushing the bill for the five biggest home lenders since 2007 to almost $69 billion.