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John F. Mangan Jr., a former Friedman, Billings, Ramsey Group registered representative who also ran a hedge-fund company, argued that he expected CompuDyne to announce its October 2001 private offering before the market opened and before his order was placed to short the shares.
The stock change wasn't big enough to be legally significant, said U.S. District Judge Graham C. Mullen in Charlotte.
CORPORATE GOVERNANCE
Sunrise Adds Two Directors
Sunrise Senior Living added two independent directors to its board this week.
Glyn Aeppel, 49, executive vice president of acquisitions and development of Loews Hotels, and David Fuente, 62, former chairman and chief executive of Office Depot, assumed their new positions Monday for the McLean-based nursing-home company.
Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.
