An insider trading case against James V. Mazzo, global president of ophthalmic devices at Carl Zeiss Meditec, has ended in a settlement, according to the Securities and Exchange Commission.
Mazzo, who formerly served as chairman and CEO of Advanced Medical Optics, was charged with sharing nonpublic information regarding that company’s potential acquisition by Abbott Laboratories with a friend, former professional baseball player Douglas V. DeCinces.
DeCinces, in turn, shared that information with five of his friends, resulting in a gain of more than $1.3 million for DeCinces and another
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