Ex-Gibson Dunn Lawyer Sentenced to 2 Months for Insider Trades

A visiting Brazilian attorney who was employed by Gibson, Dunn & Crutcher in the US must spend two months in prison after pleading guilty to insider trading in shares of companies represented by the law firm.

Romero Cabral Da Costa Neto, 33, was sentenced by US District Judge Carl J. Nichols in Washington Wednesday. “In my view, the conduct here is egregious,” said Nichols. Costa’s decision to trade on confidential information wasn’t “spur of the moment or reactive,” he added.

The sentence was less than what prosecutors had asked Nichols to impose. Prosecutors had pushed for an eight-month prison ...