SEC v. Tavlin

Doron A. Tavlin allegedly engaged in insider trading in advance of the September 20, 2018 announcement that Medtronic PLC would acquire Mazor. According to the complaint, Tavlin tipped material nonpublic information about the potential acquisition to his close friend, Afshin Farahan, who then tipped his friend, David Gantman. According to the complaint, Farahan and Gantman both made multiple purchases of Mazor securities and realized approximately $500000 in combined trading profits. The complaint alleges Farahan later gave Tavlin a $25000 kickback in exchange for the Mazor information.

Summary generated from official Securities and Exchange Commission press release