Former Microsoft Corp. senior manager Brian Jorgenson was sentenced to two years in prison for insider trading that reaped $400,000 in profit (United States v. Jorgenson, W.D. Wash., 14-cr-00120, sentencing held).
A manager in Microsoft’s corporate finance and investment division earning a six-figure salary, Jorgenson, 32, was privy to confidential information about the company’s planned acquisitions and disclosed nonpublic information about its quarterly earnings, according to prosecutors. Specifically, he tipped friend Sean Stokke about the company’s planned investment in Barnes & Noble Inc. in 2012.
The two used Jorgenson’s access to confidential information twice more in 2013, placing ...
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