Ex-Wilson Atty Gets Record Insider Trading Sentence

Law360, New York (June 4, 2012, 10:37 PM EDT) -- A judge in New Jersey on Monday hit former Wilson Sonsini Goodrich & Rosati PC attorney Matthew Kluger with the longest prison sentence ever handed down in an insider trading case — 12 years — for providing confidential information on corporate deals during the 17-year, $37 million scheme.

“This kind of behavior clearly corrupts the expectations of investors,” U.S. District Judge Katharine Hayden said during the proceeding. “It allows greedy, arrogant people to make money off others.”

Judge Hayden later dished out a nine-year prison sentence...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.