U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23161 / December 18, 2014
Securities and Exchange Commission v. Robert J. Hahn-Baiyor, Civil Action No. 3:14-cv-07631-JAP-TJB (D.N.J.) (filed December 8, 2014)
Court Enters Final Judgment Against Robert J. Hahn-Baiyor for Insider Trading
The Securities and Exchange Commission announced today that on December 15, 2014, the Honorable Joel A. Pisano of the United States District Court for the District of New Jersey entered a final judgment against defendant Robert J. Hahn-Baiyor. The final judgment permanently enjoins Hahn-Baiyor from future violations of Sections 10(b) and 14(e) of the Securities Exchange Act of 1934 and Rules 10b-5 and 14e-3 thereunder, and orders him to pay a civil penalty of $66,100.
The SEC commenced this action by filing its complaint on December 8, 2014, charging Hahn-Baiyor for trading on the basis of inside information about the impending acquisition of Home Diagnostics, Inc., that was tipped to him by his cousin, the Chairman of Home Diagnostics's Board of Directors, George H. Holley. Hahn-Baiyor consented to the entry of the final judgment without admitting or denying the allegations in the Commission's complaint.