M&A Lawyers Fed Insider Trading, US Alleges
M&A lawyers at elite firms allegedly provided tips on some of the biggest deals of the last decade to an insider trading ring that made tens of millions of dollars in illegal profits, Chris Dolmetsch reports.
Latham & Watkins, Wachtell, and Goodwin Procter confirmed in statements their former employees were part of the case in which 30 people were charged by DOJ. Prosecutors said 19 people were arrested, and two other defendants located in Russia and Israel are considered fugitives. It’s unclear what the status of the other defendants is. ...
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