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Man arrested in Middleton in insider trading case

An investment banker at a Manhattan firm and his father have been charged with using inside information to trade in securities of five health care companies.

The charges were contained in a criminal complaint unsealed Thursday in Manhattan federal court against Sean Stewart and his father, Robert. Sean Stewart is a managing director at Perella Weinberg Partners LP.

Federal prosecutors, consistent with a policy that often leads them not to identify financial institutions when employees are arrested, did not identify the firm. But the firm said in a statement it was cooperating with prosecutors.

The firm said the charges were unprecedented in its history and Stewart was suspended. Sean Stewart surrendered in Middleton, Wisconsin. His father was released on $500,000 bail in Manhattan. Their attorneys did not immediately return messages seeking comment.

Madison West stays undefeated in Big Eight girls soccer

Madison West stays undefeated in Big Eight girls soccer

Simo Bambi had a goal and an assist to lead Madison West to a 2-1 win over Middleton in a Big Eight girls soccer game at Mansfield Stadium Thursday night.

Bambi set up Claire Mooney for the first goal of the game in the 42nd minute as West took a 1-0 lead at halftime.

The Regents made it 2-0 in the 82nd minute as Anali Osori assisted on Bambi's goal.

Middleton scored in the 88th minute as Megan Sullivan broke up the shutout, but West held on to go to 5-0 in the Big Eight conference.

Middleton suffered its first conference defeat to drop to 4-1.

Fitchburg man charged with robbing 3 gas stations

A Fitchburg man has been charged in federal court with robbing three Madison-area gas stations within four days.

Prosecutors said Raequon Allen, 20, robbed a Mobile gas station on Junction Road in Madison on Jan. 29, a Stop-N-Go gas station on Schroeder Road in Madison on Jan. 30 and a PDQ gas station on Century Avenue in Middleton on Feb. 1.

He is accused of brandishing a firearm during the first two robberies.
Allen faces up to 20 years in federal prison on each robbery count if convicted. He faces a mandatory penalty of seven years in federal prison on the first brandishing a firearm count, to be served consecutively to any prison sentence imposed for that robbery, and a mandatory minimum penalty of 25 years on the second brandishing a firearm count, to be served consecutively to any other sentence imposed.

Officials to break ground for new Middleton park

There will be a groundbreaking ceremony Monday for a new park near the Bishops Bay neighborhood, according to a release.

The Harvey John and Lucille Taylor Memorial Park will honor Lucille Taylor for her generosity in donating her life estate for the development of the park, officials said.

The park will be located near the entrance to the Bishops Bay neighborhood off County Road Q, according to the release.

The groundbreaking ceremony will be at 5:30 p.m. with speeches from Middleton Mayor Kurt Sonnentag, PRFC Chairperson Leif Hubbard and Lucille Taylor.

 

 

Drunken driver injures 2 in 3-car Middleton crash, officials say

As suspected drunken driver was arrested in connection with a Friday evening crash that injured two people in Middleton, officials said.

Middleton police said officers responded to a report of a crash with injuries on Greenway Boulevard near US Highway 12 at 6:24 p.m.

Officers found a three-vehicle wreck and two drivers with non-life-threatening injuries, according to a news release. 

A third driver, 44-year-old Gopikrishna Potnuru, of Middleton, told officers he had been drinking alcohol, police said. Potnuru was put through field sobriety tests and arrested on suspicion of operating while intoxicated causing injury, a felony charge.

The injured drivers were taken to hospitals by Middleton EMS.

Police checking his driver's license status found he had a prior arrest for operating while intoxicated. Potnuru was taken to jail.

Fiskars to combine operations, relocate to Middleton

Fiskars announced Wednesday it will be combining its Illinois and Madison headquarters at a new location in Middleton.

Fiskars is a global supplier of consumer products for the home, garden and outdoors, according to the release. The new location will be for the North, Central and South America headquarters, and will be a $26.3 million project that is expected to bring 55 new jobs to the area.

“As an international leader in its field, Fiskars had plenty of options when it came to establishing a base of operations for North, Central, and South America,” Gov. Scott Walker said in the release. “After evaluating numerous factors, the company decided to make a commitment to expanding in Wisconsin and I applaud company leaders for taking this step."

Fifth grade class expected to reach 550 enrolled next year

Assistant Superintendent for Educational Services George Mavroulis provided his monthly update on projected enrollment for the 2015-16 school year at the Board of Education regular meeting on April 27.

He pointed out there are large class sizes at fourth and fifth grade but some drops at the younger elementary level. He said there will be more than 550 fifth-graders next year, the largest class of any K-12 grade in the District.

He said birth rates declined during the recession, which explains why enrollment was down for this year's kindergarten class along with next year's class. However, the University of Wisconsin Applied Population Lab expects those numbers to increase starting in 2016-17.