The insider-trading conviction of Joseph Contorinis, an ex-Jefferies Paragon Fund money manager, was upheld by an appeals court in a ruling that may aid prosecutors as they defend the appeal of Galleon Group LLC co-founder Raj Rajaratnam.
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that had eluded detection for 17 years.
Attorney Matthew Kluger was sentenced to a 12-year prison term that is the longest ever imposed for insider-trading, exceeding the 11-year sentence given Galleon Group LLC co-founder Raj Rajaratnam last year.
Attorney Matthew Kluger was sentenced to 12 years in prison for insider trading, the longest term ever imposed for that crime and one that exceeds the 11 years given last year to Galleon Group LLC co-founder Raj Rajaratnam.
Attorney Matthew Kluger, admitting to helping fuel an insider-trading scheme that prosecutors said generated $37 million in illegal profits, pleaded guilty to stealing corporate merger tips from four law firms.
The Federal Reserve and four other U.S. financial regulators said they agreed to coordinate supervision of federally insured banks with assets exceeding $10 billion under the Dodd-Frank Act in a move that will tighten supervision.
International rules adopted in Australia requiring thoroughbreds to physically mate to produce offspring eligible for racing are seen to illegally curb competition and a lawyer said they should be abolished.
A stock trader, a lawyer and a mortgage broker who all pleaded guilty to an insider-trading scheme that spanned 17 years agreed to pay $33 million to resolve a U.S. Securities and Exchange Commission lawsuit.
Patricia A. Millett, the head of the Akin Gump Strauss Hauer & Feld LLP’s Supreme Court practice and co-head of its national appellate practice, broke the record on Tuesday for the most oral arguments before the court by a woman.