Ex-McGuireWoods Atty Admits To Securities Fraud

Law360, New York (March 15, 2010, 6:34 PM EDT) -- A former McGuireWoods LLP attorney who made millions of dollars by improperly selling unregistered shares of newly merged public companies pled guilty Monday to conspiracy and securities fraud charges.

Louis W. Zehil, who entered the plea in the U.S. District Court for the Southern District of New York, faces 20 years in prison for the fraud charge and five years in prison for the conspiracy charge. He also faces more than $5 million in fines.

Zehil is also facing civil charges from the U.S. Securities and...
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