Fried Frank Ensnared In $32M Insider Trading Scandal

Law360, New York (April 7, 2011, 7:59 PM EDT) -- Federal officials reportedly said Thursday they had broadened their investigation of a corporate finance lawyer's alleged $32 million insider trading scheme to include Fried Frank Harris Shriver & Jacobson LLP, which the attorney once claimed fired him for being gay.

The U.S. Attorney's Office for the District of New Jersey had earlier revealed it was investigating mergers and merger Matthew Kluger's activities while at three major law firms: Wilson Sonsini Goodrich & Rosati PC, Cravath Swaine & Moore LLP and Skadden Arps Slate Meagher & Flom...
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