Ex-Nixon Peabody Atty Settles Insider Trading Claims

Law360, New York (March 19, 2010, 2:03 PM EDT) -- A former Nixon Peabody LLP corporate attorney has agreed to pay nearly $14,000 to settle U.S. Securities and Exchange Commission allegations that she bought a client's stock while working on its potential merger and cashed in after the deal was sealed.

Judge Paul L. Friedman of the U.S. District Court for the District of Columbia entered a judgment Tuesday that resulted from the SEC's settlement with Melissa A. Mahler, who left Nixon Peabody nearly five years ago amid regulatory scrutiny.

Under the deal, Mahler agreed to...
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