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Texas resident Tyler LoudonCNBC
•83% Informative
Tyler Loudon eavesdropped on his wife's work calls about BP 's purchase of TravelCenters of America .
He bought the company for about $2 million over several months beginning in December 2022 .
Loudon 's wife, then a BP mergers and acquisitions manager, reported his actions to her BP supervisor, but she ended up getting fired later.
" Tyler deeply regrets his conduct, has taken responsibility for it," his lawyer says.
"Most, if not all, insider-trading cases involving spouses that have resulted in criminal prosecutions typically have involved aggravating facts not present here," Zeidenberg wrote. Loudon faces a separate civil lawsuit by the SEC related to his insider trading. That civil case, like his criminal case, is being overseen by Judge Lake . Lake, on May 3 , ordered the SEC lawyers and Zeidenberg to either agree to a final judgment in that case or submit a schedule for briefing on the agency's request for monetary relief within 30 days ..
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