Lehman Tipster Asks To Be Let Off Without Jail Time

Law360, New York (March 9, 2012, 7:17 PM EST) -- The Lehman Brothers Holdings Inc. employee at the center of an insider trading scheme in which he shared with day traders information he got from his wife asked a judge Friday to go light on his sentencing, citing his cooperation in a probe that took down others involved in the scandal.

Matthew C. Devlin pled guilty in December 2008 to one count of securities fraud and four counts of conspiracy to commit insider trading, stemming from a scheme carried out between 2004 and 2008 in which...
To view the full article, register now.