“Insider trading undermines faith in our financial markets and harms ordinary investors who play by the rules,” said U.S.

The defendant then closed out his Score Media call option contracts for approximately $580,000, netting personal profits of approximately $560,000. The following day, Penn National announced its agreement to acquire Score Media, and Score Media’s stock price rose drastically. Moreover, after a senior officer at Penn Interactive informed Roda in August 2021 that the acquisition would be announced within days, Roda allegedly purchased 300 more Score Media call option contracts for approximately $7,000.

The Information alleges that in this capacity, Roda learned in early July 2021 that Penn National was considering a potential acquisition of Score Media and Gaming, Inc., and knew that he had a duty to keep this information confidential. Nonetheless, on July 22, 2021, using this material, non-public information, Roda purchased 200 Score Media call option contracts for approximately $13,000. The defendant was an employee of Penn Interactive, a wholly-owned subsidiary of Penn National Gaming, Inc., and served as its Director of Backend Architecture. PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that David Roda, 36, of Philadelphia, PA, was charged by Criminal Information with insider trading.

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