Former Katten Partner Settles Insider Trading Claims

Law360, New York (June 14, 2007, 12:00 AM EDT) -- Former managing partner of Katten Muchin Rosenman LLP’s Washington, D.C. office David A. Schwinger has agreed to pay over $41,000 to settle allegations of insider trading, the U.S. Securities and Exchange Commission said Wednesday.

In a complaint filed in the U.S. District Court for the District of Columbia, the SEC accused Schwinger of buying 10,000 shares of Vastera Inc. based on material, nonpublic information in the fall of 2004. Vastera was later purchased by JP Morgan Chase Bank NA, and Schwinger earned over $13,000 in profits,...
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