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SEC To Drop Insider Trading Case Over Herbalife Stock

By Y. Peter Kang ( December 15, 2014, 10:58 PM EST) -- The U. S. Securities and Exchange Commission on Monday moved to dismiss insider trading charges against a man accused of using tips to illegally profit from the $1 billion short sale of Herbalife Ltd. by activist investor Bill Ackman, saying that "critical witnesses" were unavailable to testify. . . .

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