Ex-Pfizer Employee Convicted of Insider Trading on Covid Pill

A former Pfizer Inc. employee was convicted of using confidential information about the company’s Covid-19 treatment to make illegal options trades, giving federal prosecutors yet another victory in their attempts to clamp down on insider trading.

Amit Dagar was found guilty on securities fraud and conspiracy following a one-week trial in federal court in New York before US District Judge Andrew Carter. He faces as much as 20 years in prison on the securities fraud charge at sentencing.

Dagar, of Hillsborough, New Jersey, was charged in June with four counts of securities fraud and one count of conspiracy ...