Justice Dept.: Chairman of Publicly Traded Health Care Company Convicted of Insider Trading
June 23, 2024
June 23, 2024
WASHINGTON, June 23 -- The U.S. Department of Justice issued the following news release:
A federal jury in Los Angeles convicted the former CEO, executive chairman, and chairman of the board of directors of Ontrak Inc., a publicly traded health care company, for engaging in an insider trading scheme using Rule 10b5 1 trading plans.
"When Terren Peizer learned significant negative news about Ontrak, he set up Rule 10b5-1 trading plans to sell shares before the news . . .
A federal jury in Los Angeles convicted the former CEO, executive chairman, and chairman of the board of directors of Ontrak Inc., a publicly traded health care company, for engaging in an insider trading scheme using Rule 10b5 1 trading plans.
"When Terren Peizer learned significant negative news about Ontrak, he set up Rule 10b5-1 trading plans to sell shares before the news . . .