Ex-Morgan Stanley Director Gets 7 Years

Law360, New York (September 18, 2009, 2:13 PM EDT) -- A former Morgan Stanley managing director has been sentenced to serve seven years in a Hong Kong prison in the wake of a guilty verdict for insider trading connected with an oil deal.

On Friday, the Hong Kong court hit Du Jun with the maximum prison sentence for his alleged crimes in addition to fining him more than $3 million and barring him from being a director or manager or dealing in securities, futures contracts for five years.

"This sentencing sends the strongest possible message to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.