Legal
Scientist Charged With Trading on Domestic Partner’s Deal Secret
This article is for subscribers only.
A pharmaceutical scientist was accused of making $617,000 in illegal profits from trading on a secret tip he got from his domestic partner about plans by drug store chain CVS Health Corp. to buy Oak Street Health Inc., where she was a senior executive.
Carlos Sacanell, 58, was charged with insider trading and lying to federal investigators in an indictment unsealed in Philadelphia federal court. His domestic partner, who wasn’t identified, was described as serving on the executive committee of Oak Street, a Chicago-based primary care provider.