The Law Offices of Jeff Peterson
  • About Us
  • Practice Areas
    • Mergers and Acquisitions
    • Securities Law
    • Corporate Transactional Law
  • Industries
  • Resources
    • Blog
    • FAQs
  • Contact
  • Search
  • Menu Menu
INSIDER TRADING PHIL MICKELSON

BOTH SIDES IN INSIDER TRADING CASE WANT PHIL MICKELSON TESTIMONY

September 17, 2016/in Corporate Transactional Law, News /by Jeff Peterson

The SEC’s insider trading case against renowned sports bettor Billy Walters, and former Dean Foods director Thomas Davis, will feature deposition testimony by pro golfer Phil Mickelson one way or the other. as both the SEC and Walters have listed Mickelson as a witness for deposition in the discovery phase of the matter. 

Details of the Case

The case involves allegations by the SEC that Walters used insider knowledge from Davis to benefit from the purchase of shares in Dean Foods, and urged Mickelson to place trades that would net large profits so that Mickelson could satisfy gambling debts owed to Walters. 

Mickelson purportedly bought over $2 million in shares of Dean Foods and made over $900,000 in profits on a subsequent trade of the stock, paying Walters back in part with the proceeds on the trade. Mickelson was not named as a party-defendant and settled any claim by the SEC for relief arising from the trade by making payment of all profits from the trade.

Whether Mickelson ultimately ever testifies at any trial won’t be known for quite some time — discovery is not scheduled to close until August of 2017. 

The case against Walters and Davis is pending in the Southern District of New York, No. 16-cv-3722.

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
https://lawofficesjtp.com/wp-content/uploads/2016/09/iStock-1090431444-scaled.jpg 1280 2560 Jeff Peterson https://lawofficesjtp.com/wp-content/uploads/2021/11/JTPlogo-01.png Jeff Peterson2016-09-17 14:31:002022-02-10 10:44:19BOTH SIDES IN INSIDER TRADING CASE WANT PHIL MICKELSON TESTIMONY
JTP Brandmark

Categories

  • Corporate Transactional Law
  • Mergers & Acquisitions
  • News
  • Personal
  • Securities Law

M&A Articles

  • Charging Bull sculpture in New York CityM&A trends for 2022December 22, 2021 - 2:47 pm
  • M&A AGREEMENTSSANDBAGGING CLAUSES IN M&A AGREEMENTSNovember 10, 2021 - 3:22 pm
  • Law services in Chicago and San Diego - A lawyer's hand, pen and overlayDEFINING A SELLER’S KNOWLEDGE IN AN M&A AGREEMENTOctober 24, 2020 - 5:19 am

Corporate Transactional Law Articles

  • DEI for legal teamsDEI for legal teamsJanuary 11, 2022 - 12:21 pm
  • Closing a business in CAHow to Close a Business in CaliforniaNovember 22, 2021 - 2:36 pm
  • Law Offices of Jeff Peterson at workAN OVERVIEW OF SEC REVISIONS TO FORM ADV AND RECORD-KEEPING RULENovember 9, 2021 - 1:43 pm

Securities Law Articles

  • Chinese companies are delisting off the N.Y.S.E.Chinese Companies Delisting off the NYSEJanuary 4, 2022 - 2:54 pm
  • Words insider trading written on a book.SEC CHARGES CHINESE NATIONAL CITIZENS WITH INSIDER TRADING, OBTAINS ORDER FREEZING $29 MILLION IN U.S. ACCOUNTSFebruary 13, 2017 - 12:11 pm
  • Texas Attorney General Ken PaxtonSEC REFILES FRAUD COMPLAINT AGAINST TEXAS AGOctober 24, 2016 - 8:45 am

LINKS

Privacy Policy
Disclaimer
FAQs

SAN DIEGO

12526 High Bluff Dr.,
Suite 300 San Diego, CA 92130

Phone: 858.792.3666
Fax: 858.792.3667

CHICAGO

444 West Lake Street, 17th Fl.,
Chicago, IL 60606

Phone: 312.583.7488
Fax: 312.548.7480

CONNECT

USERWAY

Small UserWay Logo

Disclaimer: The information on this website is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. No information contained on this site should be construed as legal advice from The Law Offices of Jeffrey T. Petersen or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this content should act or refrain from acting on the basis of any information included in, or accessible through, this website without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.

© The Law Offices of Jeffrey T. Petersen 2022

site design by digitalstoryteller.io

© The Law Offices of Jeffrey T. Petersen 2022

site design by digitalstoryteller.io

SEC CHARGES MARIJUANA BUSINESSMEN WITH FRAUD Intellectual Property Law Constitutional Challenges to SEC FEDERAL JUDGE IN GEORGIA DISMISSES CONSTITUTIONAL CHALLENGES TO SEC ACTIONS Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept settings

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visit to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Other cookies

The following cookies are also needed - You can choose if you want to allow them:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy
Accept settingsHide notification only