Business

Drug firm exec gets 16 months in inside-trade case

By Washington Examiner
Published April 22, 2014 8:58pm ET
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NEWARK, N.J. (AP) — A former pharmaceutical executive has been sentenced to 15 months in prison for his role in an insider trading scheme.

John Lazorchak was sentenced Tuesday in federal court in Newark, N.J. He also will have to serve two years of supervised release once he’s freed from prison and will have to forfeit $3,000.

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