SEC says Perry failed to disclose interest in Mylan

Fri Jul 24, 2009




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 raised with...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now