US court convicts Indian-American ex-Pfizer employee for insider trading

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A former Indian-American employee of Pfizer has been found guilty of insider trading by a federal court in New York. Amit Dagar, residing in New Jersey, was convicted of obtaining "illicit" profits by trading on the results of Covid-19 medicine trials conducted by the pharmaceutical giant. Dagar had worked for Pfizer and was responsible for aiding in the management of data analysis for specific clinical drug trials. Dagar's conviction comes after a two-week trial under one count of securities fraud and one count of conspiracy to commit securities fraud last week.

from NRI - The Times of India https://ift.tt/Qj0mZTb

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