(Reuters) - The SEC, in a civil complaint filed in Manhattan federal court, contends that the couple bought Dow Jones stock from April 13 to April 30, before the takeover offer for the Wall Street Journal publisher became public on May 1.
The SEC said the defendants "engaged in widespread and unlawful trading activity" that put them in a position to make an estimated $8.1 million profit based on current stock prices. It did not specify in the lawsuit how it believed the couple learned of the impending takeover bid.
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