7 Settle In UBS, Morgan Stanley Insider Trading Case

Law360, New York (September 15, 2008, 12:00 AM EDT) -- Seven defendants accused by the U.S. Securities and Exchange Commission of participating in a brazen scheme that involved Wall Street professionals trading on nonpublic information relayed by insiders at UBS Securities LLC and Morgan Stanley have struck deals to end their involvement in the case.

Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York signed off on six final judgments on Thursday. The settling defendants — six individuals and Jasper Capital LLC — consented to the entry of final...
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