Big Lots CEO faces inquiry over stock sale

12/7/2012 | Wall Street Journal, The

Federal prosecutors are conducting a criminal investigation into Big Lots CEO Steven Fishman's sale of $10 million of stock before a company announcement that led to a drop in the share price. Big Lots said in a filing with the Securities and Exchange Commission that a grand-jury subpoena was issued by the U.S. Attorney's Office in Manhattan for records relating to the sale.

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