SEC
Whistleblower
Attorneys

June 05, 2020

Stiefel Laboratories Inc., Charles W. Stiefel

Trading and Pricing

SANCTION AMOUNT: $37000000

Defendants: Stiefel Laboratories Inc.
Charles W. Stiefel

Company and its former Chairman/CEO consented to entry of final judgment in case alleging that they conducted share buybacks (mostly from employees) without disclosing negotiations with GlaxoSmithKline PLC that resulted in an acquisition at a share price more than four times higher than the buyback price.

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