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Ohio Utica Shale

Three former Consol executives sued for insider trading

By Bob Downing Published: June 3, 2012

The Pittsburgh Post-Gazette reported that three former executives of Consol Energy have been sued for insider trading.

The complaint was filed by the federal Securities and Exchange Commission.

Named were former Director of Corporate Strategy Charles E. Mazur Jr., former General Manager of Engineering James S. Poland and former Director of Public Relations Joseph A. Cerenzia.

The complaint accuses all three men of making trades based on their privileged knowledge of the March 15, 2010, announcement that Consol would buy Appalachian Exploration and Production from Dominion Resources for $3.74 billion.

The three were fired after Consol learned of the alleged trades.

 

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