Ex-Barclays Director Gets Five Months for Tips to Plumber Pal

A former Barclays Plc director was sentenced to five months in prison for passing merger tips to a plumber friend and getting cash and free tiling in return as a judge rejected his request for probation. Steven McClatchey pleaded guilty in July after prosecutors said he passed information that Gary Pusey used to make 10 illegal trades in companies including Questcor Pharmaceuticals Inc., PetSmart Inc., Emulex Corp. and Omnicare Inc. Pusey, who pleaded guilty and agreed to cooperate with prosecutors against his former friend, made about $75,000 on the trades, prosecutors said.