U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission


Litigation Release No. 20053 / March 23, 2007

SEC v. Aragon Capital Management LLC, Aragon Partners LP, Zvi Rosenthal, Amir Rosenthal, Ayal Rosenthal, Oren Rosenthal, Noga Delshad, David Heyman, Heyman & Son Investment Partnership LP, Young Kim, and Bahram Delshad, 07 CV 00919 (KMK) (S.D.N.Y.)

SEC Amends Charges to Include Noga Delshad

The Securities and Exchange Commission today announced the filing of an amended complaint in this matter to add Noga Delshad as a defendant, alleging that she violated the antifraud provisions of the federal securities laws by trading on material, nonpublic information about Taro Pharmaceuticals Industries, Ltd. ("Taro") that she obtained from her father-in-law, Zvi Rosenthal ("Zvi"), or her husband, Amir Rosenthal ("Amir").

In its initial complaint, the Commission alleged that the other defendants violated the antifraud provisions of the federal securities laws by trading in Taro securities while in possession of material nonpublic information that originated from Zvi, a former vice president at Taro. As alleged in the amended complaint, the insider trading ring generated more than $4 million in profits for the defendants.

In addition to the civil case against them, on February 8, 2007, four of the defendants in this matter, Zvi, Amir, Ayal Rosenthal, and David Heyman, each pled guilty to conspiracy to commit securities fraud in the U.S. District Court for the Eastern District of New York.

For further information, see Litigation Release No. 19995A (February 13, 2007).



Modified: 03/23/2007