The U.S. Securities and Exchange Commission charged Richard
Perry’s Perry Corp. with violating securities laws
by failing to disclose "substantial stock" in Mylan
Laboratories. Perry purchased the shares to influence the
outcome of a proposed merger from which Perry sought to profit,
the SEC said Tuesday.
Perry agreed to pay a $150,000 penalty to settle the charges.
The firm, which managed $8.8 billion at the end of the first
quarter, neither admitted nor denied fault. In a
statement, the firm said "The settlement announced by the SEC
brings to a satisfactory conclusion any concerns that were