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Securities

Oct. 29, 2024

Former Ontrak CEO's bid for new trial denied

A jury this year found Terren Peizer used undisclosed insider information regarding the likely termination of his company's biggest health insurance client when he sold more than $20 million in stock.

A federal judge in Los Angeles denied former Ontrak Inc. CEO Terren Peizer's bid for acquittal or, alternatively, a new trial in a novel insider trading case after she found there was sufficient evidence that proved he had fraudulent intent to carry out a scheme to avoid over $12 million in losses.

"Defendant's apparent rush to enter into the trading plans - especially as shown by his rejections of cooling-off periods when those periods were repeatedly recommended by ...

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