Ex-Cushing Trader Pleads Not Guilty In Front-Running Case

Law360, Dallas (October 29, 2013, 9:12 PM EDT) -- A former equities trader for Cushing MLP Asset Management LP pled not guilty Monday in Texas federal court after he was indicted on 15 counts of securities fraud, stemming from an alleged three-year front-running scheme under which he traded on insider information using his wife’s brokerage account.

According to the U.S. Department of Justice, Daniel Lutz Bergin self-surrendered following the Oct. 16 indictment and was released on his own promise to appear. Bergin allegedly used material nonpublic information he learned from Cushing to make personal trades...
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.