Frist Cleared in Insider Trading Probe
Posted Apr 27, 2007 11:08 AM CDT
By Debra Cassens Weiss
Federal prosecutors have cleared former Senate Majority Leader Bill Frist of any wrongdoing in his sale of stock in a hospital chain, the Washington Post reports.
Frist had sold shares in the chain founded by his brother and father days before its stock price fell. E-mails showed he had put the sale in motion months before he became aware of the company’s financial problems.