Shearman & Sterling LLP is closing its Dusseldorf and Munich offices, leaving the firm with one German office, in Frankfurt. The firm’s German corporate/mergers and acquisitions, finance/tax and disputes/arbitration work will be consolidated in Frankfurt, the firm said in a statement.
Matthew Kluger, the former lawyer who last year received the longest prison sentence imposed in an insider-trading case, didn’t deserve the 12-year term, his lawyer told the U.S. Appeals Court in Philadelphia.
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 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.
Zvi Goffer, a former Galleon Group LLC trader whose 10-year prison term is the third-longest sentence in a recent federal crackdown on illegal insider trading, asked an appeals court to reduce his sentence.
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.
Garrett Bauer stood in a New York University lecture hall and warned 150 students not to emulate him. The day trader recounted illegally making millions of dollars over 17 years using corporate merger tips stolen by an attorney.
A former Wilson Sonsini Goodrich & Rosati PC attorney passed mergers and acquisition data in an insider-trading scheme that netted more than $32 million in illicit profits since 2006, U.S. prosecutors charged today.