By Sarah Jarvis (July 7, 2022, 8:32 PM EDT) – A former medical device company executive faces insider trading charges for allegedly telling his friend about the company’s planned sale to Medtronic PLC before the friend and another person made over $500,000 off the tip.
According to an indictment that was filed last week in federal court in Minnesota and made public on Wednesday, Doron A. Tavlin told his friend Afshin Farahan about the pending deal. Farahan then informed his friend David J. Gantman of the planned sale, according to the indictment, which includes one count of conspiracy and 16 counts of securities fraud and aiding and abetting.
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