Ex-Galleon Insider Trader Knew Better, 2nd Circ. Judge Says

Law360, New York (March 11, 2013, 6:12 PM EDT) -- A Second Circuit judge on Monday expressed doubt about overturning the 10-year prison sentence former Wall Street executive Zvi Goffer received for heading an insider trading ring that ensnared two Ropes & Gray LLP lawyers, saying Goffer should have known better.

Goffer, a former trader for the notorious hedge fund Galleon Group LLC, was convicted in June 2011 of masterminding a scheme to obtain confidential information on public companies by paying kickbacks to Ropes & Gray lawyers who had access to the firm's files on corporate...
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