1 2 ▁January ▁ 1 9 8 3 , ▁Lit ton ▁made ▁an ▁offer ▁of ▁$ 4 8 , ▁which ▁succeeded ▁on ▁ 4 ▁March ▁ 1 9 8 3 . ▁I tek ▁became ▁Lit ton ' s ▁I tek ▁Division , ▁although ▁the ▁I tek ▁Graph ic ▁Systems ▁division ▁was ▁sold ▁off ▁in ▁ 1 9 8 5 . ▁ ▁In ▁ 1 9 8 6 ▁it ▁was ▁revealed ▁that ▁a ▁Le h man ▁Brothers ▁tr ader ▁had ▁been ▁purch asing ▁I tek ▁stock ▁during ▁the ▁negoti ations , ▁part ▁of ▁a ▁wider ▁ins ider ▁trad ing ▁sc andal . ▁Ira ▁S ok ol ow , ▁part ▁of ▁the ▁Le h man ▁team ▁arr anging ▁the ▁I tek ▁purchase , ▁had ▁le aked ▁information ▁about ▁the ▁deal ▁to ▁another ▁Le h man ▁employee , ▁Dennis ▁Lev ine . ▁They ▁agreed ▁to ▁make ▁ins ider ▁tr ades ▁to ▁drive ▁up ▁the ▁stock ▁price ▁and ▁then ▁split ▁the ▁prof its . ▁Lev ine ▁and ▁other ▁trad ers ▁at ▁Le h man ▁( e ither ▁t ipped ▁off ▁or ▁simply ▁following ▁Lev ine ' s ▁tr ades ) ▁started ▁collect ing ▁I tek ▁stock ▁and ▁were ▁thus ▁reward ed ▁with ▁part ▁of ▁the ▁ 5 0 % ▁prem ium ▁when ▁the ▁deal ▁closed . ▁ ▁Lit ton ▁later ▁su ed ▁Le h man , ▁claim ing ▁that ▁their ▁purchase ▁would ▁have ▁been ▁at ▁a ▁lower ▁price ▁had ▁the ▁ins ider ▁trad ing ▁not ▁occurred . ▁The ▁stock ▁price ▁rose ▁from ▁$ 2 6 ▁to ▁$