Ex-Merck Analyst Charged With Telling Friend of Buyout
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A former Merck & Co. analyst was charged by the U.S. with illegally passing merger tips to a business school friend, helping him reap about $722,000 in illicit profits.
U.S. Attorney Preet Bharara in Manhattan and the U.S. Securities and Exchange Commission filed parallel cases against Zachary Zwerko, 32, of Cambridge, Massachusetts, alleging he engaged in a two-year insider-trading scheme with an unidentified former classmate at Rutgers Business School.