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Federal prosecutors have charged Carlos Sacanell, a Pennsylvania man, with insider trading related to CVS Health's $9.5 billion acquisition of Oak Street Health. Authorities allege that Sacanell used confidential information from his domestic partner to trade illegally, generating approximately $617,000 in profits from transactions involving Oak Street stock and options ahead of the deal's announcement. The acquisition, which took place last year, has drawn scrutiny due to these allegations of insider trading.
A Pennsylvania man allegedly made $617,000 for using tips from his domestic partner to illegally trade ahead of CVS Health's $9.5 billion purchase last year of primary care provider Oak Street Health. Subscribe to The Daily Docket: https://t.co/aq1ioam3fY https://t.co/6lcd94AUM0
Local pharmaceutical exec gets nearly 4 years for defrauding company; has to give up Seaport condo, Mercedes, 2-carat engagement ring and deposit on a downtown wedding venue https://t.co/eyhSscMQh2
Ex-Takeda Pharmaceuticals employee from Brookline sentenced to federal prison for stealing $2.5 million https://t.co/tMtvcXpTXQ
