Ex-Whittier Analyst Pleads Guilty In $62M Insider Tips Case

Law360, New York (April 13, 2012, 3:32 PM EDT) -- A former Whittier Trust Co. research analyst pled guilty Friday to trading on insider information about Dell Inc. and agreed to cooperate with prosecutors as they pursue an expanded case against the alleged $62 million criminal stock-tipping club he belonged to.

Danny Kuo, a 36-year-old California man, entered his plea in a Manhattan courtroom, also admitting that he traded Nvidia Corp. stock using nonpublic information that he paid a bribe to obtain.

Kuo and six other men allegedly belonged to “a circle of friends who essentially...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.