Securities
Jun. 21, 2024
Trial featuring novel securities fraud action draws to a close
Throughout the trial, defense counsel argued Terren Peizer and the rest of Ontrak executives "had no reason to believe" its major contract with a health insurer would be ending.
LOS ANGELES — A government prosecutor on Thursday told jurors that former healthcare CEO Terren Peizer “saw the writing was on the wall” when he allegedly used undisclosed insider information to avert a $12 million loss by quickly selling his share of Ontrak Inc.’s stock prior to going public about the termination of a contract with a major health insurance client.
During arguments that concluded a nearly three-week novel securities fraud ...
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