Former Gibson Dunn Attorney Charged With Insider Trading (1)

A visiting Brazilian attorney who was working at Gibson, Dunn & Crutcher in the US has been charged with insider trading for buying and selling shares of a company represented by the law firm.

Romero Cabral Da Costa Neto was charged by the US Attorney for the District of Columbia with using confidential information trading on deals including Swedish Orphan Biovitrum AB’s acquisition of CTI BioPharma Corp. earlier this year. The 33-year-old was also sued by the US Securities and Exchange Commission, which identified the companies involved in the deal.

Authorities said Costa purchased 10,400 shares of CTI ...