Judge Bumps Ex-McGuireWoods Atty's Penalty By $2.5M

Law360, New York (April 21, 2011, 6:26 PM EDT) -- A New York federal judge on Wednesday tacked $2.5 million onto restitution that convicted former McGuireWoods LLP transactional attorney Louis W. Zehil must pay for improperly selling unregistered shares of newly merged public companies, bringing his total to $7.9 million.

Judge Deborah A. Batts sentenced Zehil to three years in prison and three years' probation on March 7 after he pleaded guilty to securities fraud and conspiracy. She recommended he be placed in a Georgia correctional facility for substance abusers by May 31.

The additional restitution...
To view the full article, register now.