Marketing consultant and professor Roger Blackwell has been charged with sharing information about Kellogg Co.’s purchase of Worthington Foods while on Worthington’s board of directors. The Securities and Exchange commission filed a civil suit against Blackwell and 10 others, alleging they told others about the acquisition before it was public, resulting in $544,000 in profits when Worthington stock values jumped after the merger was announced in October 1999, per the Associated Press. Blackwell denies the charges, saying he “carefully complied with the SEC rules, as I always do,” the AP reports.
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