Ex-Santander Exec Defaults On $1M Insider Trading Suit

By William Gorta ( August 19, 2016, 9:27 PM EDT) -- A former Banco Santander SA official, charged last year with trading ahead of BHP Billiton Ltd. 's failed 2010 takeover bid for Potash Co, didn't show up for a related civil suit on Friday, leading a New York federal judge to grant judgment to the U. S. Securities and Exchange Commission and order the fugitive to pay more than $1 million. . . .

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