SEC Allegations of Insider Trading. Retained by Scheper Kim & Harris Defense counsel retained Professor Emeritus William Beaver of Stanford University and Cornerstone Research on behalf of a former CEO of a publicly traded water treatment company. After a company announcement that it would restate its financial results for the previous two years, the SEC filed a lawsuit alleging that the former CEO had taken part in an accounting fraud scheme to artificially inflate the share price, while at the same time engaging in insider trading.

In the SEC case involving allegations of insider trading, why was Professor Emeritus William Beaver of Stanford University and Cornerstone Research retained by the defense counsel on behalf of the former CEO of a publicly traded water treatment company?