Atty Admits To Insider Trading In IBM Case

Law360, New York (April 03, 2013, 6:57 PM ET) -- Thomas C. Conradt, a lawyer-turned-broker accused of insider trading ahead of a 2009 IBM Corp. acquisition, pled guilty Wednesday in New York federal court to securities fraud.

Conradt, 35, said he traded ahead of IBM’s purchase of software company SPSS Inc. after receiving a tip from his roommate at the time. He entered his plea before U.S. District Judge Andrew Carter.

Prosecutors say Conradt, a law school graduate who worked as a retail broker at Westport, Conn.-based Euro Pacific Capital Inc., was part of a group...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers