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Ex-Bristol-Myers executive gets one-year prison for insider trading

Started by riky, October 24, 2013, 09:00:19 AM

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Ex-Bristol-Myers executive gets one-year prison for insider trading

(Reuters) - A former Bristol-Myers Squibb Co finance executive who pleaded guilty to insider trading was sentenced on Wednesday to one year and one day in prison, federal prosecutors said. Robert Ramnarine, of East Brunswick, New Jersey, admitted in June to one count of securities fraud for trading in Amylin Pharmaceuticals Inc stock options before Bristol-Myers agreed to buy the biotechnology company in June 2012 for $5.3 billion. ...

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