Ex-Ropes & Gray Atty Cops To Galleon Trading Plot

Law360, New York (January 14, 2011, 5:48 PM EST) -- Former Ropes & Gray LLP patent lawyer Arthur Cutillo pled guilty Friday to passing along sensitive information from mergers and acquisitions clients for use in insider trading by a former Galleon Group employee.

Cutillo entered his plea before Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York, admitting to handing over tips about deals including Bain Capital Partners LLC's 2007 acquisition of 3Com Corp. and TPG Capital LP's 2007 acquisition of Axcan Pharma Inc.

“I am truly ashamed by...
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