Ex-Deloitte Partner May Escape Insider Trading Suit

Law360, New York (October 18, 2011, 8:47 PM EDT) -- The U.S. Securities and Exchange Commission is expected to drop its insider trading lawsuit against former Deloitte Tax LLP partner Arnold McClellan upon the approval of Monday's settlement resolving insider trading claims against his wife, according to defense attorneys.

Though the SEC said it could not confirm that it will drop the suit until a judge approves Annabel McClellan's $1 million settlement, which was announced Monday, an attorney for Arnold McClellan said her March testimony taking the blame for sharing confidential information related to upcoming mergers...
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