Ex-E&Y Atty, SEC Near Insider Trading Settlement

Law360, New York (July 13, 2010, 3:54 PM EDT) -- A former Ernst & Young LLP attorney imprisoned for abusing insider knowledge of corporate mergers is close to settling a civil suit over the alleged violations, according to court documents filed Monday in the U.S. District Court for the Southern District of New York.

Jotting a brief order by hand, Judge P. Kevin Castel granted a motion from attorneys with the U.S. Securities and Exchange Commission to stay further proceedings pending the commission's approval of a proposed settlement with James Gansman, accused by the SEC of...
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