Insider Case Alleges Doctor's Tips .
Federal authorities arrested a French doctor who allegedly tipped a hedge-fund manager with confidential information after the death of a patient in a clinical drug trial and charged him with engaging in an insider-trading scheme. air jordan 4 Air jordan shoes The parallel criminal and civil complaints against Yves M. Benhamou, a 50-year-old Paris-based doctor specializing in liver diseases, alleged that in late 2007 and early 2008 his tips enabled the hedge-fund firm to avoid $30 million of losses by selling shares in Human Genome Sciences Inc. ahead of negative news about the company's trial of a drug for Hepatitis C, the liver disease. The hedge-fund firm, not named in the court documents, is FrontPoint Partners, currently owned by Morgan Stanley, spokespeople for the bank and hedge fund confirmed. Morgan Stanley is in the process of spinning off FrontPoint. The case reflects a more-aggressive approach by federal law-enforcement agencies to tackling alleged insider trading. It also highlights the sensitive relationship between Wall Street and the medical professionals whose knowledge of clinical trials can be worth millions of dollars to investors in drug companies. Cheap Jordans air jordan 2 "No Morgan Stanley executives outside of FrontPoint managers were the subjects of this SEC investigation," a spokeswoman for Morgan Stanley said, adding that the firm doesn't expect the legal issues to hamper plans for FrontPoint to become independent. A spokesman for FrontPoint said Chip Skowron, a doctor who is one of two overseers of FrontPoint's health-care investments, said he had been placed "on leave pending the outcome of the investigation," in which the firm was "cooperating fully." Emails and calls to Dr. Skowron weren't returned. The trades discussed in the complaints aren't the only FrontPoint trades involving health-care companies that regulators have probed. The SEC also has investigated other trading in health-care stocks overseen by FrontPoint investment managers including Dr. Skowron, as recently as this year, said one person familiar with the matter. A spokesman for the SEC declined to comment. Air Jordan 2009 air jordan 1 Neither the hedge-fund firm nor the bank is named as a defendant in the cases, brought in Manhattan by the U.S. Attorney's office and the Securities and Exchange Commission. The SEC complaint said a portfolio manager at the hedge-fund group who got information from Dr. Benhamou "knew or should have known" that the doctor owed a "duty of confidentiality" to the drug company. Dr. Benhamou was arrested in Boston on Monday and charged with two criminal counts of securities fraud, federal prosecutors said. He agreed to remain in detention, pending trial in New York, according to a spokeswoman for the U.S. Attorney's office in Manhattan. Air Jordan 9 Air Jordan 23