Two Indicted For Insider Trading On Mergers

Law360, New York (May 29, 2008, 12:00 AM EDT) -- A former partner with Ernst & Young LLP and an investment banker at a Pennsylvania brokerage have been charged with insider trading in connection with seven mergers involving the accounting giant's clients, federal prosecutors said Thursday.

The U.S. Attorney's Office for the Southern District of New York said James Gansman, a lawyer who left Ernst & Young last October, was arrested early Thursday in New York City, and Donna Murdoch, a managing director of a Philadelphia-based broker-dealer and investment bank, was expected to surrender to authorities....
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