Peter Halmos has fired off another lawsuit. The deposed SafeCard Services Inc. founder has accused the credit card loss-protection company, along with several of its officials past and present, with devising a "secret scheme" to frame him for insider trading.

The lawsuit, filed in Florida state court, alleges breach of fiduciary duty, constructive fraud, fraud, and negligent misrepresentation. Mr. Halmos is seeking over $10 million in damages.

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